Rice Energy Inc (NYSE:RICE) Investor Alert: Investigation of Takeover by EQT Corporation

If you purchased shares of Rice Energy Inc (NYSE:RICE) and currently hold any of those NYSE:RICE shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Rice Energy
Affected Securities: 
NYSE: RICE

June 26, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Rice Energy Inc (NYSE:RICE), was announced concerning whether the takeover of Rice Energy Inc. by EQT Corporation for a value of approximately $27.04 per share is unfair to NYSE:RICE stockholders.

The investigation by a law firm concerns whether certain officers and directors of Rice Energy Inc breached their fiduciary duties owed to NYSE:RICE investors in connection with the proposed acquisition.

On June 19, 2017, EQT Corporation (NYSE:EQT) and Rice Energy Inc. (NYSE:RICE) announce that they have entered into an merger agreement under which EQT Corporartion 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.

However, given that at least one analyst has set the high target price for NYSE:RICE shares at $40.00 per share, the investigation concerns whether the offer is unfair to NYSE:RICE stockholders. More specifically, the investigation concerns whether the Rice Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Rice Energy Inc reported that its annual Total Revenue rose from $502.14 million in 2015 to $778.91 million in 2016. Shares of Rice Energy Inc (NYSE:RICE) reached in June 2014 as high as $33.05 per share