Proxy advisory firms Institutional Shareholder Services Inc. (ISS), Glass, Lewis & Co. and Egan-Jones Ratings Company all recommend that EQT Corp. shareholders vote to approve the pending $8 billion acquisition of Rice Energy Inc. ISS said the “proposed transaction has inherent industrial logic and appears to better position the company to resolve its long-standing sum-of-the-parts discount.” The reports come as EQT continues to contend with shareholders that want the merger scrapped in favor of separating the upstream and midstream businesses. Shareholders are scheduled to vote on the deal at a special meeting on Nov. 9; each board already has approved the merger.
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