secwatch.observer — SEC 8-K summary
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Issuer:     Equitrans Midstream Corp (—)
CIK:        0001747009
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001104659-24-032682
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equitrans Midstream to merge with EQT Corporation; ETRN shareholders to receive 0.3504 EQT shares per share
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- Each ETRN common share converts to 0.3504 EQT shares; preferred shares treated per redemption provisions.
- Merger requires approvals from ETRN and EQT shareholders, regulatory clearance under HSR Act, and FERC authorization for Mountain Valley Pipeline.
- Termination fees: ETRN pays $191M; EQT pays $545M (or $176M) under certain circumstances.
- EQT to issue shares via Form S-4; three Equitrans representatives to join EQT board after close.
- One-time awards for CFOs Moore, Oliver, Pietrandrea total ~$10.7M, payable in EQT shares at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747009/000110465924032682/0001104659-24-032682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747009/000110465924032682/tm247203d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-032682

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