ETRN - UNITHOLDER ALERT: WeissLaw LLP Investigates EQM Midstream Partners LP
NEW YORK, April 7, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of EQM Midstream Partners, LP ("EQM" or the "Partnership") (NYSE: EQM) in connection with the proposed acquisition of the Partnership by Equitrans Midstream Corporation ("ETRN") (NYSE: ETRN). Under the terms of the acquisition agreement, EQM unitholders will receive 2.44 shares of ETRN common stock for each unit of EQM they own, representing implied per-unit merger consideration of $14.10 based on ETRN's April 6, 2020 closing price.
If you own EQM shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/eqm-midstream-partners-lp/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether EQM's board of directors acted to maximize unitholder value prior to entering into the acquisition agreement. Notably, several analysts set target prices well above the per-unit consideration, with a low-end target price of $15.00 per EQM unit and a high-end target price of $42.00 per EQM unit.
Given these facts, WeissLaw is concerned whether the proposed acquisition agreement undervalues the Partnership, whether its board ran a fair process, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
SOURCE WeissLaw LLP