ETRN - These Analysts Revise Their Forecasts On EQT Following Merger News | Benzinga
On Monday, EQT Corporation (NYSE: EQT) announced that it entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE: ETRN).
Under the terms of the agreement, EQT will acquire Equitrans in an all-stock transaction, which will create a combined company with an enterprise value of over $35 billion. The merger deal has been unanimously approved by the Boards of both companies.
As per the terms, each Equitrans share will be exchanged for 0.3504 shares of EQT, representing an implied value of $12.50 per Equitrans share based on the volume-weighted ...