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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 |
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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