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
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SOURCE WeissLaw LLP