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Jana takes 5.8 percent stake in EQT Corp; seeks to end Rice Energy deal

Activist investor Jana Partners disclosed a 5.8 percent stake in EQT Corp (EQT.N) on Monday and urged the company to abandon its proposed acquisition of Rice Energy (RICE.N).

Instead of buying Rice Energy, EQT should fully separate its pipeline operations into a publicly traded company and change its board structure, Jana said in a regulatory filing.

EQT's shares were up about 1 percent at $59.14, while those of Rice Energy fell 5.5 percent to $25.17.

EQT said in June...