LAW NOTICE – Andrews & Springer LLC announces that A

LAW NOTICE – Andrews & Springer LLC announces that A


WILMINGTON, Del., Nov. 7, 2022 (GLOBE NEWSWIRE) — Andrews & Springer LLCA boutique securities class action law firm focused on representing shareholders nationwide announces that another law firm has filed a lawsuit on behalf of shareholders of BTRS Holdings, Inc. (NASDAQGS: BTRS) (a/k/a Billtrust). (“BTRS” or the “Company” or “Billtrust”) for possible wrongdoing by the Company and violations of federal securities laws.

A copy of the complaint may be obtained from the court or Andrews & Springer LLC. If you currently own shares of BTRS and would like to receive additional information and protect your investments for free, please visit us at or contact Craig J. Springer, Esq. at [email protected], or call toll-free at 1-800-423-6013. You can also follow us on LinkedIn – – or Facebook- for future updates.

On September 28, 2022, the two parties announced the signing of a definitive merger agreement under which EQT will acquire Billtrust in a $1.7 billion merger. As a result of the merger, Billtrust shareholders are expected to receive only $9.50 per share in cash in exchange for each share of Billtrust (the “Merger”). While the company claims that shareholders will receive a premium for their shares, the merger price is 26% below the $13.00 per share price target that Canaccord Genuity set in August 2022, just a month before the merger announcement . The consideration is also below Billtrust’s 52-week high of $11.01 per share.

A BTRS shareholder represented by another law firm has filed a complaint against BTRS for federal securities violations. The complaint was filed in the United States District Court, Southern District of New York, Case No. 1:22-cv-09212 submitted.


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