United States (US) gas group Williams sought to trump Energy Transfer Equity (ETE) group’s bid for the Southern Union Company on Thursday with a $4.9 billion counter offer.
In an announcement issued on the New York Stock Exchange, Williams made the all-cash $39 per share offer for Southern Union, a Houston-based gas distribution company that owns one of the US’ largest pipeline networks, including assets in Texas, New Mexico, Missouri and Massachusetts. The offer is at an 18% premium to ETE’s proposal, which was made on...
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