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EPD Enterprise Products Partners LP

28.45
0.08 (0.28%)
Last Updated: 19:53:22
Delayed by 15 minutes
Name Symbol Market Type
Enterprise Products Partners LP NYSE:EPD NYSE Trust
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.08 0.28% 28.45 28.635 28.34 28.48 3,075,836 19:53:22

Enterprise Products Withdraws Its Interest in Williams Cos.

08/09/2016 10:20pm

Dow Jones News


Enterprise Products Part... (NYSE:EPD)
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By Josh Beckerman 

Enterprise Products Partners L.P. confirmed that it had been looking into a merger with fellow pipeline company Williams Cos., but it said it withdrew interest after Williams didn't engage.

In after-hours trading, Williams shares fell 8.5% to $28.50.

Reuters had reported in August that Enterprise approached Williams about a potential acquisition at some point after Energy Transfer Equity L.P.'s late June termination of its deal with Williams, a transaction initially valued at $33 billion.

Enterprise said that "after extensive analysis of public information regarding Williams, we submitted non-binding proposals" to combine Williams and Enterprise.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 08, 2016 17:05 ET (21:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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