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.
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