EQT $6.7 billion acquisition of Rice Energy

Overview:

• EQT has acquired Rice Energy for $6.7 billion.
• The deal will give EQT territory in the Appalachian, in addition to the acreage it already has in the Marcellus and Utica shales.
• Each share of Rice Energy common stock will be exchanged for $5.30 in cash and 0.37 of a share of EQT common stock.
• About $1.5 billion of Rice's debt will be refinanced by EQT.
• The financial adviser for EQT was Citigroup and Barclays Capital provided financial services for Rice Energy.
• The deal is expected to close in the fourth quarter of 2017.

Katrin Kostadinova - Data analyst