BOSTON (Reuters) – Brothers Toby and Derek Rice are on the right track to win management of EQT Corp’s board of administrators two years after having bought their very own firm, Rice Vitality, to the pure fuel producer, folks aware of the matter stated on Tuesday.

Sufficient votes have been forged for the Rice brothers to defeat EQT’s slate of administrators and take over the board in what has develop into probably the most distinguished combat for management of a board since Starboard Worth waged and gained its proxy contest at Darden Eating places Inc in 2014, the sources stated.

Two sources stated that the pair is predicted to have gained seven seats on the 12-member board.

Representatives for…

Source link