Crude Oil Price by oil-price.net

Crude Oil Price by OIL-PRICE.NET ©
Price Change
2025.01.24 - $ 75.49 -0.27 -0.36%
1 Year Forecast
$86 / Barrel

Oil and Gas Energy News Update

Tuesday, June 28, 2011

Southern Union Sharing Information With Williams in Defiance of Energy Transfer

- Southern Union Sharing Information With Williams in Defiance of Energy Transfer



Jun 28, 2011

Southern Union Co (NYSE:SUG) has begun the process of providing takeover suitor Williams Cos. (NYSE:WMB) with confidential business information, according to a filing today with the SEC.

That's despite a warning from the company's original acquisition partner Energy Transfer Equity (NYSE:ETE) that doing so would be in violation of their signed agreement.

Williams offered $4.9 billion, all in cash, for Southern Union last week.

While Energy Transfer maintains that its $4.2 billion offer is still superior due to its deferred tax structure, things aren't looking good for the company.

Shares of The Williams Cos are trading up 2.33% at $29.47.

Oil & Gas Post

Promote Your Page Too

No comments:

Post a Comment