Chart published by EQT with latest letter to shareholders (click for larger version)
On Monday, Toby and Derek Rice (the Rice brothers) sent an open letter to EQT shareholders to “set the record straight on EQT’s misleading comments” about the Rice boys and their plan to take over EQT. In fact, the Rices’ say EQT has made “a number of false claims” and engaged in “personal attacks.” On Tuesday, EQT issued a response to “correct the Toby Rice Group’s false and misleading statements” about what EQT said, and to “highlight significant omissions and errors” in the Rice analysis of EQT’s recent performance (see Rice Brothers, EQT Accuse Each Other of “Misleading” Statements). Yesterday, EQT issued yet another letter to shareholders to talk up their own board nominees, and to bash the nominees put forward by the Rice brothers.
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