Energy Transfer Equity is buying pipeline operator The Williams Cos. for approximately $32.61 billion.
The companies said Monday that the combination creates one of the five biggest energy companies in the world.
Energy Transfer Equity LP will pay $43.50 per share, a 4.6 percent premium to Williams' Friday closing price of $41.60. Williams' shareholders can choose shares of Energy Transfer Equity affiliate Energy Transfer Corp., cash or a combination of both.
The companies put the deal's value at about $37.7 billion, including debt and other liabilities.
Williams' stockholders will also receive a one-time special dividend of 10 cents per share that will be paid immediately before the acquisition closes.Read the whole article by clicking here.
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