Parent Of Retail Supplier Accelerates Plan to Address "Sum-of-the-Parts" Discount
September 14, 2017 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
EQT Corporation announced that, immediately upon the closing of its acquisition of Rice Energy Inc, it will establish a Committee of the Board of Directors to evaluate options for addressing EQT’s sum-of-the-parts discount.
Based on the Committee’s recommendation, EQT’s Board will announce a decision by the end of the first quarter 2018.
"While we are excited about the value creation opportunities presented by the Rice transaction, addressing the sum-of-the-parts discount is a priority for the Board," said Stephen A. Thorington, who will lead the Committee. "The Committee will work to identify the optimum path to maximizing shareholder value."