Energy Transfer (ETE, ETP) and Williams Cos. (WMB, WPZ) are planning to sell WMB’s stake in one of Florida’s main interstate pipelines to win regulatory approval for $37B merger, Bloomberg reported earlier.
The companies anticipate that a sale of WMB’s 50% stake in the Gulfstream Natural Gas System will be required by the FTC, and WMB may explore selling its stake to Spectra Energy Partners (NYSE:SEP), according to the report.
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