Responding to the recent reports of the deal between Williams Companies and Energy Transfer Equity L.P. as shaky, Williams Board of Directors underlined their commitment to the deal. Calling the media reports market speculation, the Board made the move on Friday.
The merger agreement was executed on September 28th, 2015. Since then, oil prices have dropped and the “math” behind the deal might need some adjustment before completion.
Williams has filed with the Securities and Exchange Commission the Board’s declaration to complete the transaction with Energy Transfer Equity. The deal is still subject to Williams shareholders’ approval and customary closing conditions.
