May 2016, Vol. 243, No. 5

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Williams Sues to Maintain Sale to Energy Transfer Equity

DALLAS (AP) — Williams Cos. has gone to court to pressure rival pipeline company Energy Transfer Equity to go through with the planned $32.6 billion purchase of Williams. In a lawsuit filed in state court in Delaware, Williams suggested that Energy Transfer is trying to get out of the deal. Energy Transfer’s spokeswoman did not immediately return phone and email messages on Saturday. The companies announced in September that Dallas-based Energy Transfer agreed to buy Williams, which is based in Tulsa, Oklahoma. Williams shareholders could be paid in Energy Transfer stock, cash, or a combination. Williams shareholders would also get a special dividend of 10 cents per share just befor

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