Energy Transfer Confirms Terms of Williams Proposal
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Energy Transfer Equity (ETE) Affirms Terms of Williams Cos. (WMB) Deal Amid Market Conditions
July 8, 2015 6:14 AM EDTEnergy Transfer Equity (NYSE: ETE) stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (NYSE: WMB) ("Williams" or "WMB") at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium... More
