Deals
Williams Offers to Acquire Southern Union for $4.86 Billion
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Williams Cos. offered to buy pipeline company Southern Union Co. for $4.86 billion in cash, topping a bid by Energy Transfer Equity LP.
The Williams offer values Southern Union at $39 a share, according to a statement today from the Tulsa, Oklahoma-based company. That’s $6 a share, or about $750 million, more than the June 16 sale price announced by Southern Union and Energy Transfer.