Williams Cos. (WMB) Misses Q4 EPS by 24c, Committed to Energy Transfer Equity, L.P. (ETE) Deal
Williams Cos. (NYSE: WMB) reported Q4 EPS of $0.01, $0.24 worse than the analyst estimate of $0.25.
Williams’ Board of Directors is unanimously committed to completing the transaction with Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) per the merger agreement executed on September 28, 2015, as expeditiously as possible and delivering the benefits of the transaction to Williams’ stockholders. Completion of the pending transaction remains subject to the approval of Williams’ stockholders and other customary closing conditions. Integration planning is underway.
As previously disclosed in Energy Transfer Corporation, L.P.’s registration statement on Form S-4 filed on November 24, 2015 with the SEC, ETE and Williams received a request for additional information and documentary material (the “Second Requests”) from the FTC pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”).
On February 1, 2016, Energy Transfer Corporation, L.P. received additional comments from the SEC related to the first amendment of the S-4. Certain requests made by the SEC relate to information that will be included in ETE’s and Williams’ 10-Ks, which the companies expect to file the final week of February 2016. Therefore, the companies now expect to file a second amendment of the S-4 shortly after filing of the 10-Ks.
For earnings history and earnings-related data on Williams Cos. (WMB) click here.
