Monday, May 16, 2016

Williams Won't Let Go

Williams' management continues pursuing the merger with ETE via litigation. .
The financials and stock prices support the company letting go. .
The recommendation is to own the stock with the speculation that the BOD is bluffing on closing the deal in order to get rightful compensation from ETE for walking away.
In a surprise tone, Williams Cos. (NYSE:WMB) management actually sounds intent on forcing Energy Transfer Equity (NYSE:ETE) to complete the much maligned merger. The relationship has turned very acrimonious suggesting an integration of the two companies would be difficult and questioning the value it taking extraordinary steps to force the merger closure.
Read the full article on Seeking Alpha.

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