Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million
BP | Energy Companies | EQT Corp | Industrywide Issues | M&A | Rice Energy
Yesterday MDN brought you the news that the company created and backed by Dan Rice (and his brothers), called Archaea Energy, is selling itself to BP for $4.1 billion (see Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion). Depending on the source you read (Bloomberg or Forbes), the Rice boys will pocket either $975 million or $720 million from the deal. Any way you slice it, it's a LOT of money.
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