Scotia Capital Downgrades Williams Companies (WMB) to Sector Perform
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Energy Transfer to buy Williams for $33 billion after long quest
September 28, 2015 5:30 PM EDTBy Anannya Pramanick and Shubhankar Chakravorty
(Reuters) - Pipeline giant Energy Transfer Equity LP (NYSE: ETE) will buy rival Williams Cos Inc (NYSE: WMB) in a deal valued around $33 billion, nearly a third less than the same offer Williams had rejected in June for being too small.
The takeover ends a pursuit stretching back to January and marks the first major buyout of a midstream company since oil prices crashed. It will create one of the world's largest energy infrastructure companies, alongside Kinder Morgan Inc. and Enterprise... More
Energy Transfer Equity (ETE), Williams (WMB) Enter $37.7B Merger Agreement
September 28, 2015 7:02 AM EDTEnergy Transfer Equity (NYSE: ETE) and The Williams Companies, Inc. (NYSE: WMB) announced a business combination transaction valued at approximately $37.7 billion, including the assumption of debt and other liabilities. This announcement follows the termination of the previously agreed merger agreement between WMB and Williams Partners L.P. (WPZ). The business combination between ETE and WMB was approved by the Boards of Directors of both entities. The combination will create the third largest energy franchise in North America and one of the five largest global energy companies. The combination will also... More
