EQT (EQT) has issued an update.
EQT Corporation is set to acquire Equitrans Midstream Corporation in a two-step merger, transforming Equitrans into an indirect wholly owned subsidiary of EQT. Shareholders of Equitrans will receive 0.3504 EQT common shares for each Equitrans share they hold, with cash paid out for any fractional shares. This strategic move aims to consolidate operations and signals a significant shift in the energy sector that could impact investor portfolios.
Learn more about EQT stock on TipRanks’ Stock Analysis page.