RANGE RESOURCES CORP (RRC) Form 8-K — Oct 26, 2026
Range Resources has signed a definitive merger agreement with EQT Corporation under which Range will merge into EQT in an all-stock transaction. Each Range share will convert into 0.987 EQT shares, leaving Range shareholders with approximately 27% of the combined company. Both boards unanimously approved the deal, and closing requires shareholder approvals from both companies, HSR clearance, and NYSE listing of the new EQT shares. The agreement carries a $423 million termination fee payable by Range and a larger $1,148 million reverse termination fee payable by EQT, with an outside date of October 25, 2027 (extendable to April 25, 2028).
Key figures
- End Date
- October 25, 2027 (auto-extendable to April 25, 2028)
- Exchange Ratio
- 0.987 EQT shares per Range share
- Termination Fees
- {"payableByEqtToRange":"$1,148 million","payableByRangeToEqt":"$423 million"}
- Pro Forma Ownership
- {"eqtShareholders":"~73%","rangeShareholders":"~27%"}
- Shares Outstanding
- 233659190
- Eqt Shares Outstanding
- 625549428
- Eqt Board Size Post Closing
- 12
- Range Designees To Eqt Board
- 2
AI analysis
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