EQT on Hook for $1.15B if Range Deal Falls Apart; Range Owes $423M

On Monday, we brought you the news that EQT Corporation is swallowing Range Resources in an all-stock deal that values Range at roughly $12.8 billion and creates a combined company worth more than $50 billion, including debt (see EQT Swallows Range Resources in $50B Merger: Biggest M-U News Ever!). A deal this big generates a mountain of coverage, and a few important details didn't make it into our first story. The biggest one: what happens if the deal falls apart. If it does, it could cost EQT more than a billion dollars.

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