Goldman Sachs Weighs In On Williams, Energy Transfer Merger
In the lawsuit between Williams Companies Inc (NYSE: WMB) and Energy Transfer Equity LP (NYSE: ETE), the trial judge gave a decision on Friday wherein the merger between the two companies would not be tax free. Therefore, and therefore Energy Transfer Equity is contractually entitled to terminate the merger agreement, Goldman Sachs’ Theodore Durbin mentioned in a report.
Analyst Theodore Durbin added that Williams remains committed to closing the merger. The company is scheduled to announce the result of the shareholder vote on the merger on June 27. As per the agreement, Energy Transfer Equity would be entitled to terminate the merger on June 29.
Last week, the Alerian MLP Index had outperformed the S&P 500 by 339bps. Among the outperformers was Energy Transfer Equity, which gained 6.7 percent, Durbin stated.
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