NEW YORK--(BUSINESS WIRE)--The D. E. Shaw group, a significant shareholder of EQT Corporation (“EQT” or “the Company”), today commented on the preliminary results of the Company’s 2019 Annual Meeting of Shareholders:
The D. E. Shaw group congratulates the Rice team on the successful election of all seven of its nominees to the Board of EQT and is encouraged by the Company’s expected decision to name Toby Rice as President and CEO. EQT has tremendous potential, and we strongly believe that with the right board and management team in place the Company is better positioned to create significant value for all of its shareholders. We look forward to seeing what the refreshed board and management team can achieve together.
About the D. E. Shaw Group
The D. E. Shaw group is a global investment and technology development firm with more than $50 billion in investment and committed capital as of July 1, 2019, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies.
This press release reflects the opinions of D. E. Shaw & Co., L.P. (“DESCO LP”) on behalf of certain investment funds managed or advised by it that currently beneficially own, or otherwise have an economic interest in, shares of EQT Corporation (the “Company”). This press release is for informational purposes only and does not constitute investment advice or convey an offer or solicitation of any type with respect to any securities or other financial products. The views expressed in this press release are expressed as of the date hereof and are based on publicly available information and DESCO LP’s analyses. This press release contains statements reflecting DESCO LP’s opinions and beliefs with respect to the Company and its business based on DESCO LP’s research, analysis, and experience; all such statements are based on DESCO LP’s opinion and belief, whether or not those statements are expressly so qualified. DESCO LP acknowledges that the Company may possess information that could lead the Company to disagree with DESCO LP’s views and/or analyses. Nothing contained in this press release may be relied upon as a guarantee, promise, assurance, or representation as to future events. The investment funds managed or advised by DESCO LP are in the business of trading (i.e., buying and selling) securities, and it is expected that they will from time to time engage in transactions that result in changes to their beneficial and/or economic interest in the Company. Please note that this press release has not been updated since its dateline for any information contained in it that may have changed, including any beliefs and/or opinions.
Please visit www.deshaw.com for current and additional information about the D. E. Shaw group.