Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
(P&GJ) — Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger. The deadline is 11:59 p.m. Eastern Time on July 9, 2024.
READ MORE: EQT and Equitrans Midstream to Merge in $5.5 Billion Natural Gas Deal
To make a valid election, record holders must submit a properly completed and signed election form, along with all required documents, to Equiniti Trust Company, LLC, Equitrans’ transfer agent, by the specified deadline. Equitrans began mailing these materials to record holders on June 24, 2024. Holders who do not submit the form on time and do not perfect their right to dissent under Pennsylvania law will be deemed to have elected the Conversion Election.
Despite any elections made, Equitrans Preferred Stock may be optionally redeemed by Equitrans, at EQT’s direction, before the merger's completion, in accordance with the Merger Agreement signed on March 10, 2024.
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