The D.E. Shaw group, a significant shareholder of EQT Corporation, continues to support the Rice team and all seven of their nominees to EQT’s Board of Directors, according to a statement the company recently issued.
In its press release, the D.E. Shaw group states, “We strongly believe the Rice team’s proven track record in creating shareholder value and detailed plan for right-sizing EQT’s cost structure is what is needed to drive success at the Company.”
The company goes on to share its views of EQT’s position in the Appalachian Basin, concerned the company has underperformed since acquiring Rice Energy under its current management.
Learn more: D. E. Shaw & Co., L.P. > The D.E. Shaw Group Issues a Statement Regarding EQT Corporation’s Upcoming Annual General Meeting
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