EQT to acquire Equitrans Midstream in all-stock merger with 0.3504 exchange ratio

EQT Corp

Each share of Equitrans common stock converted into 0.3504 shares of EQT common stock.
Transaction unanimously approved by both boards; expected close by March 10, 2025 with possible extension to Sept 10, 2025.
Closing conditions include shareholder approvals, HSR clearance, tax opinions, and Mountain Valley Pipeline service authorization.
EQT board to increase to up to 14 members, with three Equitrans designees at closing.
Termination fees: $191M payable by Equitrans to EQT, and up to $545M payable by EQT to Equitrans.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQT Corp entered into Agreement and Plan of Merger with Equitrans Midstream Corporation (effective 2024-03-10).

Action: entry
Agreement: merger
Counterparty: Equitrans Midstream Corporation
Effective: 2024-03-10

Exact text from the filing

On March 10, 2024, EQT Corporation, a Pennsylvania corporation (“EQT”), Humpty Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of EQT (“Merger Sub”), Humpty Merger Sub LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of EQT (“LLC Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Equitrans Midstream Corporation, a Pennsylvania corporation (“Equitrans”).

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Source: SEC EDGAR

accession 0001104659-24-033083

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