Morgan & Morgan Announces the Investigation of The Williams Companies - WMB

NEW YORK, Sept. 29, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating the Board of Directors of The Williams Companies ("Williams" or the "Company") (NYSE: WMB) for potential breaches of fiduciary duties in connection with the sale of the Company to Energy Transfer Equity, L.P. ("ETE") (NYSE: ETE) for approximately $32.6 billion.

If you own shares of Williams and would like to learn more about the  Williams shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email [email protected].

Under the terms of the transaction, Energy Transfer Corp LP ("ETC"), an affiliate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share.  Williams' stockholders will have the right to elect to receive as merger consideration either ETC common shares, which would be publicly traded on the NYSE under the symbol "ETC", and / or cash.

The investigation relates to whether the proposal is fair to the public shareholders  and if Williams' Board of Directors breached their fiduciary duties to shareholders. According to Yahoo! Finance, at least one analyst has issued a price target for Williams stock at $65.00 per share.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms.  In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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Contact:Morgan & MorganPeter Safirstein, Esq.28 West 44th StreetSuite 2001New York, NY  100361-800-732-5200[email protected]

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SOURCE Morgan & Morgan