- Williams rejects unsolicited bid for $64 and plans to explore strategic alternatives.
- Energy Transfer Equity proposes that a merger with Williams will provide a higher dividend and growth.
- The lack of details from Energy Transfer Equity makes it difficult to understand how it can propose a higher dividend after shifting to a C corp.
- The proposed offering doesn't provide much of a premium to where Williams likely trades in 2016 as a standalone stock.
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