EQT Chairman Rohr & CEO McNally Ready to “Talk” with Rice Boys

A week ago MDN brought you the news that Toby and Derek Rice, formerly of Rice Energy, have launched an effort to take over the company they sold Rice Energy to (see Rice Brothers Attempt to Take Over EQT, Install Toby as CEO). In recent months the Rice boys have had private conversations with EQT’s top dogs, Chairman of the Board Jim Rohr and CEO Rob McNally, but according to Toby and Derek, those talks went nowhere. The Rice boys say EQT needs some new energy and a new direction, to leverage the world class assets it now owns. And the Rice boys think they have just the plan to accomplish it. After going public with their plan and their intent to wage a proxy war (get board members elected who will endorse their plan), word has leaked out from “sources” that Rohr and McNally want to have another round of talks with the Rice boys, to hear more about their plan. Which causes us to ask, didn’t all that get discussed the first time around? What’s the real purpose of more “talks” with the Rice brothers?

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