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Energy Transfer to buy Williams for $33 billion after long quest

2015-09-29 02:42:20| Oil & Gas - Topix.net

The takeover ends a pursuit stretching back to January and marks the first major buyout of a midstream company since oil prices crashed. It will create one of the world's largest energy infrastructure companies, alongside Kinder Morgan Inc. and Enterprise Products Partners The mostly stock offer of $43.50 a share comes with the same exchange ratio as an unsolicited bid three months ago that had an implied value of $53.3 billion.

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