NEW YORK, NY / ACCESSWIRE / November 22, 2022 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of BTRS Holdings Inc. ("Billtrust") (NASDAQ:BTRS) breached their fiduciary duties to Billtrust's shareholders in approving a merger with affiliate funds of EQT X and EQT AT ("EQT") (OTC: EQBBF) for inadequate consideration.
BILLTRUST INVESTORS WHO HAVE HELD THEIR BTRS STOCK SINCE ON OR BEFORE NOVEMBER 4, 2022 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
The investigation concerns whether Billtrust's board of directors failed to maximize the value of Billtrust for the benefit of Billtrust's shareholders in connection with its announced merger with EQT, in breach of their fiduciary duties to Billtrust's shareholders, and whether Billtrust's shareholders suffered damages as a result.
On September 28, 2022, Billtrust announced it had reached an agreement to be bought out by EQT for $9.50 per share. The transaction is valued at approximately $1.7 billion.
BILLTRUST INVESTORS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE INVESTIGATION AND FOR A FREE, NO-OBLIGATION EVALUATION OF YOUR LEGAL RIGHTS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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SOURCE: Kehoe Law Firm, P.C.