Energy Transfer Williams Buyout Official

The deal required a tax opinion from Latham & Watkins LLP that the transaction would be tax-free. Latham advised they could not deliver this opinion, a condition needed for closing.

In September 2015, Energy Transfer Equity, L.P. (ETE) announced a definitive agreement to acquire The Williams Companies, Inc. (WMB) in a cash-and-stock transaction valued at approximately $33 billion to $37.7 billion (including debt). The deal aimed to create one of the world's largest energy infrastructures, holding roughly 100,000 miles of pipelines. Key Deal Components energy transfer williams buyout

The merger was terminated in June 2016 due to several critical factors: The deal required a tax opinion from Latham

The acquisition was highly prized for Williams' 10,000-mile Transco natural gas network, a major artery connecting Texas to the Northeast. Energy Transfer Equity