Williams Sues to Halt ETE Equity Offering as Violating Merger Deal

摘要

Williams Cos. has filed lawsuits against Energy Transfer Equity (ETE) and its chief executive, Kelcy Warren, arguing that a private equity offering completed in March violates the terms of the two firms' merger agreement. The Williams board of directors said it still supports the combination with ETE, but added that the lawsuits are intended to "ensure that Williams' stockholders will receive the consideration to which they are entitled under the merger agreement."