Williams Cos. (WMB) Comments on Terminated ETE (ETE) Agreement, Will Seek Damages

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Williams Comments on ETE’s Decision to Terminate Merger Agreement

June 29, 2016 9:51 AM EDT

Williams Will Seek Damages Against ETE

TULSA, Okla.--(BUSINESS WIRE)-- The Williams Companies, Inc. (NYSE: WMB) (Williams) today confirmed that Energy Transfer Equity, L.P. (NYSE: ETE) (ETE) has provided notice that it is attempting to terminate the Merger Agreement based on an alleged failure to satisfy the closing condition requiring delivery of a Section 721(a) tax opinion from Latham & Watkins LLP.

Williams issued the following statement:

Williams does not believe ETE had a right to terminate the Merger... More