Preferred ETRN stock may also be redeemed by Equitrans, at EQT’s direction, prior to the merger’s completion. (Source: Shutterstock/EQT Corp./ Equitrans Midstream Corp.)
As part of gas producer EQT’s proposed merger with Equitrans Midstream (ETRN), the two companies announced June 24 the deadline, 11:59 p.m. EST on July 9, for holders of ETRN Series A preferred stock to decide on the consideration they prefer to receive once the merger takes place.
A vote for the election is valid only if a completed and signed election form, together with all required documents and materials listed on the form is received by Equiniti Trust Company. Equiniti Trust is Equitrans’ transfer agent.
Equitrans started mailing election materials to record holders of Equitrans Preferred Stock on June 24. Stockholders who don’t return a completed election form in time and do not dissent from the merger will be considered to have chosen the conversion election, as described in the voting form.
Preferred ETRN stock may also be redeemed by Equitrans, at EQT’s direction, prior to the merger’s completion.
EQT, the nation’s largest natural gas producer, announced the proposed merger with ETRN in March. The merger will cause a change in management control in accordance with an agreement between EQT and Equitrans.
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