EQT Corporation has entered into a merger agreement to buy Equitrans Midstream Corporation and create an integrated U.S. natural gas company with an initial enterprise value exceeding $35 billion, the top American natural gas producer said on Monday. In the latest merger deal in the U.S.
The transaction is set to create “America's first large-scale, integrated natural gas producer with an unrivaled low-cost structure that provides investors with the best risk-adjusted exposure to natural gas prices,” EQT said. The new company will ensure connectivity in EQT's core area of operations, it added.
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