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Rice Energy

Rice-Backed Firm Prowling for Sustainable Energy Deals after $345M IPO

Rice-Backed Firm Prowling for Sustainable Energy Deals after $345M IPO

Former Rice Energy Inc. CEO Daniel Rice is doubling down on the energy transition with the debut of a second sustainability-focused blank-check firm. Rice Acquisition Corp. II (RAC II) raised $345 million in its initial public offering (IPO), which closed last week. The company, founded and led by Rice, plans to use the proceeds to…

June 22, 2021

Activist Investor Wants EQT, Rice Energy Merger Scrapped

EQT Corp. investor Jana Partners LLC wants the producer to scrap its multi-billion dollar agreement to acquire Rice Energy Inc. and instead pursue the separation of its upstream and midstream businesses, which the hedge fund believes would create substantially more value for shareholders.

July 6, 2017