Energy Transfer CEO Feared Deal Would Cause ‘Implosion’

  • Companies facing off in Delaware court over faltering merger
  • Judge hearing evidence about whether deal can be consumated

Energy Transfer Equity LP CEO Kelcy Warren feared that pushing ahead with a merger with rival pipeline operator Williams Cos. after a plunge in oil prices would prompt analysts to downgrade the company and cause an “implosion,” the firm’s former top financial executive said.

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