Wednesday, August 24, 2016 1:39:13 PM
August 18, 2016
http://finance.yahoo.com/news/williams-rebuffed-enterprise-takeover-bid-173204846.html
Williams Cos. recently rebuffed a takeover bid by pipeline rival Enterprise Products Partners LP, the Financial Times reported Thursday, citing people briefed on the negotiations.
Enterprise Products remains interested in a deal for Williams and may make another offer, according to the Times. Williams surged as much as 12 percent on the news to $29.09. Enterprise Products was up as much as 1.7 percent at $28.03.
Enterprise Products spokesman Rick Rainey declined by phone to comment. Williams didn’t immediately respond to requests for comment.
News of Enterprise’s interest comes less than two months after Energy Transfer walked away from its deal to buy Williams. Last year’s plunge in oil prices threw into question the economics of that merger, and Energy Transfer won a court case that allowed it to terminate its offer.
Under Scrutiny
Williams’s future -- and CEO Alan Armstrong’s place in leading it -- has come under scrutiny since Dallas-based Energy Transfer terminated the takeover. Within two days of the deal dying, six Williams board members resigned after failing to oust Armstrong as chief executive officer.
Earlier this month , Armstrong said the company remains focused on building natural gas pipelines connecting supplies in remote shale formations to fast-growing markets. The company cut its dividend 69 percent and said it would instead invest about $1.7 billion in its Williams Partners LP unit to help pay for “growth projects.”
"Then there was a woman, a lion of a woman."
Recent WMB News
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 09/16/2024 08:28:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 03:57:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2024 07:39:03 PM
- Williams CEO to Present at 2024 Barclays CEO Energy-Power Conference • Business Wire • 08/27/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 01:03:29 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 08/12/2024 08:06:37 PM
- Williams Prices $1.5 Billion of Senior Notes • Business Wire • 08/09/2024 12:25:00 AM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/08/2024 11:57:48 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/08/2024 01:07:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/05/2024 08:17:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:16:05 PM
- Williams Delivers Strong Second-Quarter Results • Business Wire • 08/05/2024 08:15:00 PM
- Williams Reports Progress on Environmental Performance Metrics • Business Wire • 07/31/2024 01:15:00 PM
- Williams Announces Quarterly Cash Dividend • Business Wire • 07/30/2024 03:26:00 PM
- Williams to Report Second-Quarter 2024 Financial Results on Aug. 5; Earnings Conference Call and Webcast Scheduled for Aug. 6 • Business Wire • 07/16/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:45:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 03:12:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:17:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:16:39 PM
- Williams Delivers Strong First-Quarter Results; Positioned to Hit Top Half of 2024 Financial Guidance Range • Business Wire • 05/06/2024 08:15:00 PM
- Williams Announces Quarterly Cash Dividend • Business Wire • 04/30/2024 03:19:00 PM
- Williams to Volunteer at nearly 100 Community Projects Across 17 States • Business Wire • 04/18/2024 03:36:00 PM
- Williams to Report First-Quarter 2024 Financial Results on May 6; Earnings Conference Call and Webcast Scheduled for May 7 • Business Wire • 04/16/2024 08:15:00 PM
- TETRA TECHNOLOGIES, INC. ANNOUNCES APPOINTMENT OF ANGELA D. JOHN TO ITS BOARD OF DIRECTORS • PR Newswire (US) • 03/21/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:35:39 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM