Energy Transfer Terminates $33B Merger with Williams

Energy Transfer Equity LP terminated its agreement to buy Williams Cos. after 18 months of negotiations, leaving Williams to carry on as a standalone company and Energy Transfer to seek other options for growth.

Energy Transfer provided written notice terminating the nearly $33 billion agreement, according to a statement June 29. That came after a Delaware judge ruled the prior week that it could back out of its bid to buy the rival pipeline giant after failing to get lawyers to sign off on a tax opinion123 CARE, 6/27/16, See previous story, 06/27/16, 123 ECR, 6/27/16, 124 DEN A-20, 6/28/16. By the time Williams shareholders tried ...