Kaskela Law LLC announces that it is investigating BTRS Holdings Inc. (“Billtrust” or the “Company”) (NASDAQ: BTRS) on behalf of the Company’s current shareholders.
On September 28, 2022, Billtrust disclosed that it would be acquired by EQT X Fund, an affiliate of private equity firm EQT. According to the announcement, Billtrust stockholders are expected to receive only $9.50 per share for their stock. Notably, prior to the announcement of the proposed transaction with EQT, several analysts had assigned a price target for BTRS shares above the proposed buyout price.
The investigation seeks to determine whether Billtrust’s officers and directors failed to maximize the buyout price for the company’s stockholders, or otherwise breached their fiduciary duties to Billtrust stockholders in agreeing to sell the company to EQT for $9.50 per share.
Billtrust shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.