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EQT Midstream Partners, EQT GP Holdings, and Rice Midstream Partners Announce Streamlining Transaction
EQT will receive $1.15 billion in cash and 5.9 million EQM common units and Gulfport Energy will receive $175 million in cash. The merger of EQM and RMP in a unit-for-unit transaction at an exchange ratio of 0.3319 x, which implies a transaction value of $2.4 billion, including the assumption of RMP debt. The RMP debt balance as of March 31, 2018 was $325 million....
EQT will receive $1.15 billion in cash and 5.9 million EQM common units and Gulfport Energy will receive $175 million in cash. The merger of EQM and RMP in a unit-for-unit transaction at an exchange ratio of 0.3319 x, which implies a transaction value of $2.4 billion, including the assumption of RMP debt. The RMP debt balance as of March 31, 2018 was $325 million....