Southern Union Shares Jump In Pre-Market After Receiving Acquisition Proposal From Williams

Shares of Southern Union Company

jumped more than 14% in pre-market trading after Williams Companies Inc

offered $4.9 billion in cash for Southern Union, topping a $4.1 billion stock deal with Energy Transfer Equity LP

. Williams offered to buy Southern Union for $39 per share, representing an 18% premium over Energy Transfer bid of $33 per share. SUG shares surged 14.93% to $39.25 in pre-market trading. Read more about this company