Two of the brothers who sold Rice Energy Inc. to EQT Corp. last year say the $4.7 billion oil-and-gas company is mismanaging its assets, and they want to take over running the company. Derek and Toby Rice, who founded Rice Energy with their brother, Daniel Rice IV, say a lack of operational experience is hurting EQT’s stock price and the company needs new board members and a proven management team, according to a draft of a letter to EQT’s board viewed by The Wall Street Journal.

Source: Wall Street Journal December 10, 2018 02:03 UTC