Williams exploring options after rejecting $48B offer from Energy Transfer [View all]
Source: Houston Chronicle
HOUSTON — Pipeline giant Williams Co. has turned down a $48 billion buyout offer but is still open to a sale, the company said Sunday night.
Tulsa, Oklahoma-based Williams said it was offered an unsolicited, all-equity deal worth $64 per share, but didn’t identify the suitor.
Late Sunday night, Dallas-based Energy Transfer Equity said in a statement that it made the offer. It said it initially did so on May 19 with follow-up efforts this month.
“ETE has made multiple attempts over an almost 6-month period to engage in meaningful, friendly dialogue with the senior management of Williams regarding a proposed merger,” it said.
Read more: http://fuelfix.com/blog/2015/06/21/williams-exploring-options-after-rejecting-48-billion-offer/#28514101=0
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