EQT to acquire Rice Energy in $6.7 billion deal

EQT Corp. is acquiring Rice Energy Inc. in a deal that combines two of western Pennsylvania's largest natural gas-drilling firms, reports the Associated Press. The news service says EQT will buy all outstanding shares of Rice common stock for about $6.7 billion and assume $1.5 billion in net debt and preferred equity. AP says the deal is expected to close in the fourth quarter this year. For more, read the full story.