BofA Securities Starts EQT Corp. (EQT) at Buy
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Go back to BofA Securities Starts EQT Corp. (EQT) at Buy
October 25, 2024 2:46 PM EDT
By David French
(Reuters) - Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday.
If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year.
Blackstone is planning to make the investment through its credit and insurance arm, the sources said, requesting anonymity as the discussions are confidential. A deal could be... More
October 25, 2024 2:37 PM EDT
Blackstone (BX) In Advanced Talks To Buy Stakes In EQT's (EQT) Interstate Pipelines For About $3.5 Billion, Sources Say - Reuters
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