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WMB Williams Companies Inc

40.47
0.11 (0.27%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Williams Companies Inc NYSE:WMB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.11 0.27% 40.47 40.71 40.255 40.47 7,829,818 00:28:08

Enterprise Products Withdraws Its Interest in Williams Cos.

08/09/2016 10:20pm

Dow Jones News


Williams Companies (NYSE:WMB)
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From May 2019 to May 2024

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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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