EQT, Equitrans Midstream to combine in $5.5 bln deal, WSJ reports
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EQT Corp has agreed to buy back its former unit Equitrans Midstream in a $5.5 billion all-stock deal. The combined company is expected to be valued at over $35 billion, including debt. The deal comes as U.S. natural gas producers are reducing output and spending due to low prices in the oversupplied market.
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