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EQT buys Range Resources in stock swap

EQT Corporation will purchase Range Resources using only its own shares. The transaction sets the exchange rate at 0.987 EQT shares for every RRC share, resulting in a pro forma enterprise value over $50 billion.

EQT+1.8%RRC+3.8%

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The stocks in this story

  1. EQT+1.8%EQT$55.63
  2. RRC+3.8%Range Resources$45.52

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