As previously announced on September 28 the Company entered into a merger agreement with the EQT X Fund . The transaction, which was approved by Billtrust’s Board of Directors, is expected to close in the fourth quarter of 2022 or first quarter of 2023, subject to customary closing conditions, including the approval of Billtrust’s stockholders, the expiration or termination of applicable waiting periods and the receipt of applicable approvals or consents under antitrust and competition laws and foreign investment laws of certain jurisdictions. However, Billtrust cannot assure completion of such transaction by any particular date, if at all or that, if completed, it will be completed on the terms set forth in the merger agreement. Upon completion of the transaction, Billtrust’s shares will no longer trade on the NASDAQ, and Billtrust will become a private company.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BTRS:
- BTRS downgraded to Market Perform from Outperform at William Blair
- BTRS Holdings downgraded to Sector Weight from Overweight at KeyBanc
- BTRS Holdings downgraded to Neutral on takeover deal at Citi
- BTRS Holdings downgraded to Neutral from Buy at Citi
- BILLTRUST SPECIAL ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Proposed Acquisition of BTRS Holdings Inc.