HALISTER: Williams Files Suit Against Energy Transfer in Delaware Court

Williams Files Suit Against Energy Transfer in Delaware Court

(Bloomberg) -- Williams seeks judgment, injunction against Energy Transfer to keep it from ending or “avoiding its obligations” under their Sept. 2015 merger agreement.
  • Williams board hasn’t changed its “for” recommendation on merger, co. said in statement Friday night
  • Co. says suit filed in Delaware Court of Chancery
  • Williams, in statement, alleges Energy Transfer breached merger agreement through “a pattern of delay and obstruction”
  • NOTE: May 9, Williams-Energy Transfer Deal Is Dead in Wall Street’s Eyes Link
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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ETE US (Energy Transfer Equity LP)
WMB US (Williams Cos Inc/The)

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