Related Articles
Forward article link
Share PDF with colleagues

Energy Transfer wins $37bn Williams deal

The takeover will create a midstream powerhouse with a vast network of pipeline and processing facilities across the US

In the latest sign of how lower oil prices are reshaping the US energy landscape, Energy Transfer Equity  struck a deal worth $37.7bn with Williams Company in a takeover that will create a midstream powerhouse with a vast network of pipeline and processing facilities crisscrossing the US. The deal brings to a close a months-long saga between the companies. In June, Williams rejected a $48bn offer from Energy Transfer, which is run by billionaire Kelcy Warren, that valued the company at $64 a share, saying at the time that it 'significantly undervalued the company. That rejection prompted Williams' management to launch a strategic review and seek out other potential bidders. In the interven

Also in this section
Service Company of the Year
29 November 2017
Schlumberger
Legal Services Provider of the Year
29 November 2017
White & Case LLP
Energy Finance Provider of the Year
29 November 2017
Greensill Capital