Equitrans Midstream (ETRN) has provided an update.
In a significant move within the energy sector, EQM Midstream Partners, L.P. has successfully concluded a merger with EQT, resulting in the termination of all its previous credit agreements and the settlement of all outstanding debts. Equitrans’ common stock has been delisted from the NYSE following the merger, with all shares converted into EQT stock at a determined ratio, and cash compensation provided for any fractional shares. Additionally, Equitrans’ executive officers have resigned, and the company has undergone a name change to “The Midstream Company LLC,” marking a new chapter in its corporate history. This transformational event could be a point of interest for stock market watchers and investors tracking changes in the energy and financial landscape.
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