EQT Corporation, the giant, Swedish private equity firm, announced its intention to acquire Billtrust, an invoice automation platform, for $1.7 billion in an all-cash transaction. When Billtrust becomes a private corporation, shareholders will get $9.50 in cash per share, a 64% premium over the $5.77 closing price on September 27th. The price of the company’s stock has been quite consistent in recent years, peaking at almost $19 per share in February 2021 and bottoming out at $4.51 in June of this year.
EQT Acquires Billtrust For $1.7B
