Wednesday, January 8, 2025

Rice Brothers Sue EQT For Board Manipulation

From Bloomberg The shareholder seeking to shake up EQT Corp. has filed a lawsuit accusing the gas driller of trying to create an uneven playing field in the company’s ongoing boardroom battle. Investor Toby Rice alleges EQT is taking the unusual step of requiring nominees for the board to consent to being named in the company’s proxy materials, according to a copy

Rices Say They’ll Do A Better Job with EQT Than Current Management

From Pittsburgh Business Times Activist shareholders Toby Rice and Derek Rice, locked in a public battle for control of EQT Corp. laid out in greater detail their plans for the Pittsburgh-based driller. The Rices claimed EQT’s management and board failed in vision, design and execution. The Rice brothers, shareholders of EQT (NYSE: EQT) after Rice Energy’s acquisition in 2017, said they went public

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Rice Brothers Seek EQT Meeting This Week to Pursue CEO’s Ouster

From Bloomberg Rice Energy Inc.’s co-founders told EQT Corp.’s board that they want to discuss replacing the natural gas producer’s chief executive officer, chairman and some of its directors. Toby and Derek Rice, whose energy company was acquired last year by EQT, outlined their plans in a letter to EQT’s board and suggested they meet this week. “We strongly prefer

EQT’s Annual Shareholder Meeting is Here: Two Brothers Lead Showdown With U.S. Natural Gas Giant - Oil & Gas 360

EQT’s Board to Seek Talks with Rice Brothers: Reuters

From Reuters EQT Corp’s board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge. The Rice family sold its company Rice Energy Inc to EQT for $6.7 billion in cash

Brothers Who Sold Rice Energy to EQT Frustrated With EQT’s Operations

From The Wall Street Journal Two of the brothers who sold Rice Energy Inc. to EQT Corp. EQT +2.72% last year say the $4.7 billion oil-and-gas company is mismanaging its assets, and they want to take over running the company. Derek and Toby Rice, who founded Rice Energy with their brother, Daniel Rice IV, say a lack of operational experience is hurting EQT’s stock price