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ARTICLE · 15 NOVEMBER 2023

GT Newsletter | Competition Currents | November 2023

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FTC approves final order to prevent interlocking directorate arrangement, anticompetitive information exchange in EQT, Quantum Energy deal.

GlobalAntitrust/Competition Law

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United States

A. Federal Trade Commission (FTC)

FTC approves final order to prevent interlocking directorate arrangement, anticompetitive information exchange in EQT, Quantum Energy deal.

On Oct. 10, 2023, the FTC announced it had approved a final consent order to resolve its antitrust concerns surrounding a $5.2 billion cash-and-stock deal between private equity firm Quantum Energy Partners and natural gas producer EQT Corporation. Quantum and EQT are competitors in the production and sale of natural gas in the Appalachian Basin. The proposed acquisition would have given Quantum, an investor in natural gas production in the Appalachian region, a seat on EQT's board of directors, which the FTC alleged would violate the antitrust laws and harm competition in this industry. Under the consent order, Quantum is prohibited from serving on the EQT board to prevent

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