EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion

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In June, MDN brought you the news that Tug Hill was shopping its THQ Appalachia division (Tug Hill’s West Virginia assets) for $5 billion (see Tug Hill’s THQ Appalachia Shops Itself for $5 Billion). Yesterday both Reuters and Bloomberg reported a deal is close and may even be announced today (Tuesday). However, the price of the deal reported by the two news services differs by quite a bit. Reuters reports a deal price for the THQ Appalachia assets of roughly $4 billion, while Bloomberg pegs it at $5.2 billion.

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