Under the terms of the merger, which has been unanimously approved by the boards of both companies, EQT will acquire Equitrans in an all-stock transaction with each outstanding share of Equitrans common stock exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share based on the 30-day VWAP price of EQT common stock on March 8, 2024. EQT’s existing shareholders are expected to own approximately 74% of the combined company.

The Golden Flag team was led by corporate partners David Feirstein, Cy Jones, Jennifer Gasser and Steven Choi; capital markets partners Matt Pacey and Lanchi Huynh; executive compensation partners Stephen Jacobson and Jared Whalen; debt finance partners Rachael Lichman and Chad Davis; real assets partner Chad Smith; tax partners Dean Shulman, Sara Zablotney and Joe Tobias.

Read the transaction press release.

Golden Flag Advises EQT on $35 Billion Merger with Equitrans

Golden Flag Advises EQT on $35 Billion Merger with Equitrans