EQT is trading at $52.62 (-5.41%) following its announced all-stock acquisition of Range Resources, valued at more than $50 billion.
- EQT shareholders would own about 73% of the combined company; Reuters reported EQT shares down 4.6% in premarket trading.
- Coverage attributed pressure to dilution and merger-arbitrage selling, with volume roughly 8.5 times normal. Major indices were modestly higher, supporting a company-specific explanation.