Shareholder Alert: Ademi LLP investigates whether Equitrans Midstream Corporation has obtained a Fair Price in its transaction with EQT Corporation

 

MILWAUKEE, March 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Equitrans (NYSE: ETRN) for possible breaches of fiduciary duty and other violations of law in its transaction with EQT.

Click here to learn how to join the https://www.ademilaw.com/case/equitrans-midstream-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, Equitrans shareholders will receive only 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share based on the volume weighted average price of EQT common stock for the 30 days ending on March 8, 2024. As a result of the transaction, EQT's existing shareholders are expected to own approximately 74% of the combined company and Equitrans' shareholders are expected to own approximately 26%. The transaction agreement unreasonably limits competing transactions for Equitrans by imposing a significant penalty if Equitrans accepts a competing bid. Equitrans insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Equitrans' board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Equitrans common stock and wish to obtain additional information, please contact Guri Ademi either at [e-mail] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/equitrans-midstream-corporation.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
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SOURCE Ademi LLP