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Williams Mulling Strategic Alternatives After M&A Offer

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Williams Mulling Strategic Alternatives After M&A Offer

Williams announced that its Board of Directors has authorized a process to explore a range of strategic alternatives following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64.00.

According to Reuters, Energy Transfer Equity made the equity offer, which is valued at $53.1 billion including debt.

The unsolicited proposal was contingent on the termination of Williams’ pending acquisition of Williams Partners L.P. With the assistance of its outside financial and legal advisors, the Williams Board carefully considered the unsolicited proposal and determined that it significantly undervalues Williams and would not deliver value commensurate with what Williams expects to achieve on a standalone basis and through other growth…

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