Jana Aims to Scuttle EQT’s Buyout of Rice

(Reuters) Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc. The move, which threatens to scuttle EQT’s plans to become the largest U.S. natural gas producer, is hedge fund Jana’s latest foray into the energy sector.

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