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Timothy Smith

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Timothy Smith

Re: dockzef post# 92

Wednesday, 09/23/2015 8:31:50 PM

Wednesday, September 23, 2015 8:31:50 PM

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Williams Cos. (WMB -3.8%) board is preparing to meet as soon as this week to consider a sale to Energy Transfer Equity (ETE -3.7%) in response to a revised offer, Reuters reports.

ETE has offered to tweak its all-stock offer for WMB, which is currently worth ~$34B, and pay for ~15% of the deal with cash, according to the report.

The bid was worth ~$48B in June when WMB rejected an acquisition proposal from ETE, and share prices have since dropped along with oil prices.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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Volume:
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