EQT and Range Resources — Major Gas Producers Team Up in $13 Billion Deal

Energy sector consolidation is poised to take another giant step Monday as EQT (EQT), one of the largest U.S. natural gas producers, announced plans to acquire Range Resources (RRC) in an all-stock transaction. The deal, valued at $13 billion according to the Wall Street Journal, will create a company that EQT estimates will have an enterprise value of $50 billion. EQT…