Deals
Energy Transfer Said to Affirm Williams Deal on Same Terms
- Pipeline company could announce commitment this week
- Quarterly distribution unchanged for first time since 2012
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Energy Transfer Equity LP plans to move forward with its $32.9 billion takeover of Williams Cos. without altering the terms of the deal, according to people familiar with the matter, despite analysts and investors speculating the transaction may have to be reworked given the rout in energy prices.
The Dallas-based pipeline conglomerate now intends to cover some of the cost of the cash-and-stock deal by making lower-than-expected quarterly distributions to unit holders, said one of the people, who asked not to be identified because the matter is private.