EQT Corporation (NYSE:EQT) Investor Notice: Update in Lawsuit for Investors who held shares of Rice Energy Inc. (RICE) announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / August 13, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held Rice Energy Inc. (RICE) shares.

Investors, who held shares of Rice Energy Inc. (RICE) and received EQT Corporation (NYSE:EQT) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On June 19, 2017, EQT Corporation (NYSE:EQT) and Rice Energy Inc. (RICE) announce that they have entered into an merger agreement under which EQT Corporation will acquire all of the outstanding shares of Rice Energy Inc common stock for total consideration of approximately $6.7 billion - consisting of 0.37 shares of EQT common stock and $5.30 in cash per share of Rice Energy Inc common stock. The value of the transaction, based on EQT's closing stock price as of June 16, 2017, is approximately $27.04 per Rice Energy share.

In August 2017, a lawsuit was filed in connection with the takeover of Rice Energy Inc. by EQT Corporation. The plaintiff alleged that on July 27, 2017, in order to convince Rice Energy Inc. stockholders to vote in favor of the Merger, the Board authorized the filing of a materially incomplete and misleading form with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act. In November 2017, the case was voluntarily dismissed.

Those who held shares of Rice Energy Inc. (RICE) and received EQT Corporation (NYSE:EQT) shares as a result of the takeover should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.