Williams Cos. (NYSE:WMB) says the Delaware Chancery Court will expedite its litigation against Energy Transfer Equity (NYSE:ETE) over private shares issued to help finance the pending merger of the two pipeline companies.
WMB filed the lawsuit last week, as well as a separate suit against ETE chief Kelcy Warren, accusing its planned acquirer and the CEO of violating the merger agreement with a private offering of debt.
WMB's board also reiterates its support for the merger, which is expected to close in Q2.
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