BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of EQT Corporation (“EQT” or the “Company”) (NYSE: EQT) investors concerning the Company and its officers’ possible violations of federal securities laws.
On June 19, 2017, the Company announced that it would acquire rival gas producer, Rice Energy Inc., for $6.7 billion, which would result in $100 million in cost savings in 2018 and $2.5 billion in synergies.
Then, on October 25, 2018, the Company revealed that estimated capital expenditures in 2018 would increase by $300 million, causing the Company to reduce its full year forecast.
On this news, the Company’s share price fell $5.12, or nearly 13%, to close at $35.34 on October 25, 2018, thereby injuring investors.
If you purchased EQT securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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