Tag: Energy Transfer Equity

Dakota Access grass fire could turn into American oil/gas industry inferno

Dakota Access grass fire could turn into American oil/gas industry inferno

Canadian First Nations have caused Canadian energy projects to be significantly delayed – in a few cases, maybe cancelled Indigenous peoples’ opposition to pipelines has been a huge issue in Canada, and could become one in the United States if the Dakota Access pipeline protest by Native Americans isn’t handled more diplomatically. The Standing Rock Sioux […]

By September 9, 2016 0 Comments Read More →
Williams Cos names new chair, stands by CEO after board upheaval

Williams Cos names new chair, stands by CEO after board upheaval

Kathleen Cooper new Williams Cos chair By Mike Stone and Michael Flaherty July 1 (Reuters) – Williams Cos Inc’s board stood by CEO Alan Armstrong and named a new chairman on Friday after six directors resigned following a failed attempt to unseat him. Williams appointed director Kathleen Cooper as the company’s new chairman, adding in […]

ETE officially terminates Williams merger, Williams prepared to fight

ETE officially terminates Williams merger, Williams prepared to fight

On June 20th, a Williams Cos Inc board member testified she felt pressured by her own company to support the $20 billion merger DALLAS-Energy Transfer Equity, L.P. announced termination of its merger agreement with The Williams Companies, Inc. effective June 29. This news comes as Williams announced that shareholders on June 27th voted in favour of the merger. “During […]

Williams Cos tells Energy Transfer it would consider new offer: Sources

Williams Cos tells Energy Transfer it would consider new offer: Sources

Williams Cos looks to amend $20 billion deal terms By Mike Stone and Michael Flaherty May 27 (Reuters) – Williams Cos Inc has informed Energy Transfer Equity (ETE) LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort […]

Pipeline wars: Energy Transfer Equity countersues in nasty legal spat with Williams

Pipeline wars: Energy Transfer Equity countersues in nasty legal spat with Williams

DALLAS, Texas – Energy Transfer Equity, L.P.  says it has filed its Affirmative Defenses and Counterclaim in the lawsuit brought by The Williams Companies, Inc. over tax issues that threaten their $20 billion merger. The trial is scheduled to begin on June 20 in Delaware. The companies also set a shareholder vote on the deal for June 27, according to a […]

Energy Transfer Equity, Williams $32B deal creates 5th biggest global energy co.

Energy Transfer Equity, Williams $32B deal creates 5th biggest global energy co.

Energy Transfer Equity, Williams will remain separate companies Energy Transfer Equity is buying pipeline operator The Williams Cos. for approximately $32.61 billion, creating one of the five biggest energy companies in the world. Energy Transfer Equity LP announced Monday it will pay $43.50 per share, a 4.6 per cent premium to Williams’ Friday closing price of $41.60. Williams’ shareholders can choose shares of Energy Transfer Equity affiliate Energy Transfer Corp., cash […]

By September 28, 2015 0 Comments Read More →
Williams rejects Energy Transfer Equity $53B bid

Williams rejects Energy Transfer Equity $53B bid

Williams says Energy Transfer Equity undervalues company The Williams Cos. rejected a $53 billion buyout offer from Energy Transfer Equity, but said that it may still put the natural-gas pipeline company up for sale. Its stock jumped more than 26 per cent in premarket trading. Williams said ETE’s bid significantly undervalues the business, but that it was […]