In the lawsuit between Williams Companies Inc WMB and Energy Transfer Equity LP 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.
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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