EQT Corporation to Acquire Rice Energy

On June 19, 2017, EQT Corporation (NYSE: EQT) announced that it has entered into a definitive merger agreement with Rice Energy, Inc. (NYSE: RICE) under which EQT will acquire all of the outstanding shares of Rice common stock. EQT operates as an integrated energy company primarily focusing in the oil & gas exploration and production sector. Rice Energy is an independent natural gas and oil company that engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid (NGL) properties in the Appalachian Basin. The acquisition between EQT and Rice Energy will make EQT the largest natural gas producer in the United States.
Under the terms of the agreement, EQT will acquire all of the outstanding shares of Rice common stock for a total consideration of approximately $6.7 billion, which consists of 0.37 shares of EQT common stock and $5.30 in cash per share of Rice common stock. Additionally, EQT will also assume or refinance approximately $1.5 billion of net debt and preferred equity. The transaction is expected to close in the fourth quarter of 2017.
Read the full press release at www.riceenergy.com

Below are highlights of additional Merger and Acquisition activity from the last week:

Biopharmaceutical M&A News: PAREXEL International Corporation (NASDAQ: PRXL), a leading global biopharmaceutical services provider, has entered into a definitive agreement under which PAREXEL will be acquired by Pamplona Capital Management, LLP (Pamplona). Under the terms of the agreement, Pamplona will acquire all the outstanding shares of PAREXEL for $88.10 per share in cash, which values the transaction valued at approximately $5.0 billion.
Read more at www.parexel.com

Application Software M&A News: On June 22, 2017, EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of demand response solutions and energy intelligence software, announced that it has entered into an agreement to be acquired by Enel Group (“Enel”). Enel is a multinational power utility and leading integrated electricity and gas operator in over 30 countries. Under the terms of the agreement, Enel will acquire EnerNOC for $7.67 per share in an all-cash transaction, valuing the transaction at over $300 million.
Read more at www.enernoc.com

Mechanical Contractor M&A News: On June 22, 2017, Gemspring Capital announced that it has acquired Therma Corporation, a leading full-service design-build specialty mechanical contractor that focuses on HVAC, high purity process piping, and process controls for cleanrooms, laboratories, and high-tech manufacturing facilities.
Read more at www.www.therma.com