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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

COVANTA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CVA and Encourages ...

July 15, 2021 GMT

NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Covanta Holding Corporation (NYSE: CVA) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to EQT Infrastructure.

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On July 14, 2021, Covanta announced that it had entered into an agreement to be acquired by EQT in an all-cash transaction that values the company at approximately $5.3 billion. Pursuant to the merger agreement, Covanta stockholders will receive $20.25 in cash for each share of Covanta common stock owned. The deal is scheduled to close in the fourth quarter of 2021.


Bragar Eagel & Squire is concerned that Covanta’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Covanta’s stockholders.

If you own shares of Covanta and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at  investigations@bespc.com  or telephone at (646) 860-9157, or by  filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.