May
19
Delays by Energy Transfer Could Scuttle Merger With Williams, Suit Says
By
A gas pipe underway in North Dakota. Both companies suffered in the energy markets’ collapse.CreditJim Wilson/The New York Times
With no other options, Energy Transfer Equity needs to run down the clock.
If the pipeline company can delay filing all the documents it needs to complete its merger with the Williams Companies, it might not have to close the deal and pay a chunk of cash to shareholders.
Efforts by company insiders, including the chief executive Kelcy Warren, to cancel the deal are well known, but a new lawsuit in the six-month-old dispute reveals new details about the battle among prestigious Wall Street law firms…
Delays by Energy Transfer Could Scuttle Merger With Williams, Suit Says
