Deals
Enterprise and Williams Clash After Takeover Talks Collapse
- Enterprise says Williams showed a “lack of engagement”
- Williams says Enterprise didn’t give board chance to review
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Williams Cos. just lost another suitor.
Two months after Energy Transfer Equity LP walked away from a $33 billion deal to take over its pipeline rival, another possible buyer, Enterprise Products Partners LP, said it’s no longer interested in Williams either. On Thursday, Enterprise said it dropped its pursuit after Williams showed a “lack of engagement.” Williams responded by saying the companies had held a series of discussions and that its board was reviewing Enterprise’s latest proposal when the company pulled out.