CLASS ACTION UPDATE: Law Office of Brodsky & Smith Reminds Investors of Investigation of Equitrans Midstream Corporation (NYSE – ETRN)

BALA CYNWYD, March 11 2024 /Newsfile/ – Law office of Brodsky & Smith is investigating potential claims against the Board of Directors of Equitrans Midstream Corporation (“Equitrans”) (NYSE – DFS) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the acquisition of the Company by EQT Corporation (“EQT”) (NYSE – EQT). Under the terms of the transaction, EQT will acquire Equitrans in an all-stock transaction. Each outstanding share of Equitrans common stock will be exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share based on the volume weighted average price of EQT common stock for the 30 days ending on March 8, 2024.

The investigation concerns whether the Equitrans Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration offers fair value to the Company’s shareholders.

If you own shares of Equitrans stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.