Supporting a process to eventually simplify an ownership configuration among the
various midstream-focused entities that have emanated from EQT Corp., Equitrans
Midstream Corp. agreed to buy all of the units outstanding of EQGP Holdings, LP at $20
each in cash through private purchases. The deal represents a 17.5% premium over EQGP
Holdings’ price of $17.02 a unit in NYSE trading on Nov 29. The transactions are
expected to close Dec. 31.
Equitrans, which spun off
from EQT Corp. in November, entered
multiple......
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