However, EQT said such a blockbuster deal is unlikely even if it makes sense.
Chapter IV Investors publicly urged EQT to evaluate a potential merger with one of two rivals — Range Resources or Antero Resources — to create a new giant in the Marcellus and Utica shale plays.
“We, at Chapter IV, believe that either transaction has compelling industrial logic and would unlock a multi-billion dollar value creation opportunity for EQT shareholders and the shareholders of EQT’s chosen merger partner,” Chapter IV founder W Barnes Hauptfuhrer said in a public letter to the EQT board.
