May 06, 2021
EQT Corporation (NYSE: EQT) has announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately US$2.93 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of 2021.
Latham & Watkins LLP represents EQT Corporation in the transaction with a corporate team led by Houston partners Chris Bennett and John Greer, with Houston associates Greg Sorensen, Rebecca Kendall, and Erin Lee, and assistance from Houston partner Jeff Munoz. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Emily Fawcett; on employee benefits matters by Washington, D.C. partner Adam Kestenbaum; on antitrust matters by Washington, D.C. counsel Peter Todaro; and on insurance matters by Los Angeles partner Drew Levin, with Los Angeles associate Harrison White.