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| 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 | |
|---|---|---|---|---|---|---|---|---|
| 1.05 | 2.72% | 39.72 | 39.095 | 38.63 | 38.72 | 6,769,140 | 01:00:00 |
From May 2019 to May 2024
By Tess Stynes
Williams Cos. (WMB) said the Delaware Chancery Court will expedite its suit against Energy Transfer Equity LP (ETE) over private shares issued to help finance the pending $32.6 billion merger of the two pipeline giants.
Tulsa, Okla.,-based Williams filed the lawsuit last week, as well as a separate suit against Energy Transfer Chief Executive Kelcy Warren. Williams accused its planned acquirer and the CEO of violating the merger agreement with a private offering of debt.
During March, Energy Transfer issued convertible units to certain investors, including its CEO, to raise funds to help cover the $6 billion it will owe Williams investors when the deal closes. Energy Transfer had proposed a convertible unit offering that would have been open to the public, but it met resistance from Williams.
Williams in its regulatory filing Thursday reiterated it remains committed to completing the deal, which is set to close in the current quarter.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
April 14, 2016 18:18 ET (22:18 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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