Two giant natural gas producers are combining forces, as Canonsburg, Pennsylvania-based EQT acquires Fort Worth-based Range Resources. [Image: Adobe Stock]
The deal would create a natural gas production company with an enterprise value of more than $50 billion. EQT says the combined company would be managed from its Pennsylvania headquarters — leaving in doubt the future of Range Resources’ employees and Fort Worth headquarters.
Fort Worth-based Range Resources (NYSE: RRC) has agreed to be acquired by Canonsburg, Pennsylvania-based EQT (NYSE: EQT). The $13 billion all-stock deal would bolster EQT’s status as the country’s No. 1 natural gas producer....
Addison-based Firehawk Defense has reached unicorn status, closing a more than $150 million Series D funding round with a valuation of more than $1.4 billion.
Boston-based Advent International and West Palm Beach, Florida-based Rochefort Asset Management were the lead investors....
Fort Worth-based Range Resources (NYSE: RRC) has agreed to be acquired by Canonsburg, Pennsylvania-based EQT (NYSE: EQT). The $13 billion all-stock deal would bolster EQT’s status as the country’s No. 1 natural gas producer....
Addison-based Firehawk Defense has reached unicorn status, closing a more than $150 million Series D funding round with a valuation of more than $1.4 billion.
Boston-based Advent International and West Palm Beach, Florida-based Rochefort Asset Management were the lead investors....