PHILADELPHIA, Oct. 30, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that a shareholder lawsuit has been filed against BTRS Holdings Inc. (“Billtrust” or the “Company”). BTRS.
On September 28, 2022, Billtrust announced that it would be acquired by EQT X Fund, a subsidiary of private equity firm EQT. According to the announcement, only Billtrust shareholders will receive $9.50 per share for their share. Notably, prior to the announcement of this proposed sale of the company to EQT, several analysts had set a target price for BTRS shares above the takeover price.
The complaint alleges that Billtrust and certain officers and directors of the company violated federal securities laws (including filing a substantially incomplete and misleading proxy statement with the SEC) in connection with the proposed sale of the company.
Billtrust shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229-0750 or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/btrs-holdings-inc/ for more information about this promotion and your legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229-0750
(888) 715-1740
www.kaskelalaw.com
This notice may constitute attorney solicitation in certain jurisdictions.
