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Energy Transfer Said Close to Winning Deal for Williams

  • Williams spurned Energy Transfer's $48 billion offer in June
  • Talks are advanced, deal could be announced in 7 to 10 days
Updated on

After a nine-month battle that became public this summer, Energy Transfer Equity LP is close to winning its takeover fight for rival pipeline operator Williams Cos., people with knowledge of the matter said.

The companies are in advanced talks about a deal that could be announced in the next week and a half, said the people, who asked not to be identified because the matter is private. The transaction hasn’t been finalized and talks could still fall through, the people said.