Deals
Energy Transfer Cleared to Walk Away From Williams Takeover
- Judge rules Energy Transfer can back out of $33 billion deal
- Williams shareholders still scheduled to vote on deal Monday
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Billionaire Kelcy Warren just won a huge hand in the biggest M&A poker game he’s ever played in the U.S. oil patch.
Eighteen months after Warren’s Energy Transfer Equity LP began talks to acquire rival pipeline giant Williams Cos., a Delaware judge ruled on Friday that the company can back out of the nearly $33 billion deal.