Rice Acquisition Corp. (RICE) to Combine with Aria Energy and Archaea Energy in $1.15Bn Deal

Rice Acquisition Corp. (RICE) to Combine with Aria Energy and Archaea Energy in $1.15Bn Deal

Rice (NYSE:RICE) has entered into a definitive agreement to combine with two natural gas companies – Aria and Archaea Energy – at an enterprise value of $1.15 billion for the pair, or 8.2x their 2022E EBITDA. Archaea and Aria each harvest gases from landfills to refine into green energy sources for electricity or natural gas
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