MORE: Energy Transfer Judge Says Tax-Letter Good Faith Is Issue
Source: BFW (Bloomberg First Word)
Tickers
ETE US (Energy Transfer Equity LP)
WMB US (Williams Cos Inc/The)
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UUID: 7947283
(Bloomberg) -- (adds expected testimony). The judge overseeing the trial between Williams Cos. and Energy Transfer Equity said a key issue in the case will be the good faith of the lawyers who concluded the merger is marred by tax complications.
Alert: HALISTER- Energy Transfer’s tax lawyers previously concluded that the merger wouldn’t pass IRS muster
- Judge in Delaware says during trial: “It matters if it was made in good faith.”
- Williams is calling a tax law expert from the University of San Diego who is expected to say that the tax issues shouldn’t stop the merger.
Source: BFW (Bloomberg First Word)
Tickers
ETE US (Energy Transfer Equity LP)
WMB US (Williams Cos Inc/The)
To de-activate this alert, click here
UUID: 7947283