INVESTIGATION ALERT: Kaskela Law LLC Announces Shareholder Investigation of BTRS Holdings Inc. (NASDAQ: BTRS) and Encourages Investors to Contact the Firm

PHILADELPHIA, Oct. 27, 2022 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating BTRS Holdings Inc. ("Billtrust" or the "Company") (NASDAQ: BTRS) on behalf of the Company's 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 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 email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/btrs-holdings-inc/ , to receive additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please 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 advertising in certain jurisdictions.

SOURCE Kaskela Law LLC

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