HALISTER: Jana Said to Take EQT Stake, Seek to Scuttle Rice Deal: WSJ

Jana Said to Take EQT Stake, Seek to Scuttle Rice Deal: WSJ

(Bloomberg) -- Jana Partners has taken about a 5% stake in EQT Corp. and wants the company to fully separate its pipeline operations instead of buying Rice Energy, WSJ reports, citing unidentified people familiar with the matter.
  • Aims to make EQT a pure E&P company
  • EQT not immediately available to comment; Rice declined to comment: WSJ
  • NOTE: EQT climbed 4.1% in pre-market trading; Rice sank 6.1%
  • NOTE: June 20, With Rice Merger, EQT Gets to Bore Longer Wells in the Gas Patch

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
746225Z US (JANA Partners LLC)
RICE US (Rice Energy Inc)
EQT US (EQT Corp)

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