EQT falls on deal to acquire Range Resources

** Shares of US natural gas company EQT Corp EQT.N down 3.2% at $53.78, while Range Resources RRC.N was up 15.7% at $52.69

** EQT will acquire RRC in a $13 billion all-stock deal to create the largest US natural gas producer

** Under the terms of the agreement, RRC shareholders will receive 0.987 EQT Corp shares for each share they own

** The implied offer price of $54.91 per share is about 20.6% above RRC's last closing price of $45.52

** EQT now expects potential Appalachian gas demand rising to 25 billion cubic feet per day, compared with its previous estimate of 20 bcfd

** Including session's move, EQT was up marginally YTD, while RRC was up 49.3%