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Williams Rebuffs Enterprise Merger Bid

by bloomberg.com posted 2years ago 6292 views
Williams Cos. recently rebuffed a takeover bid by pipeline rival Enterprise Products Partners LP, the Financial Times reported Thursday, citing people briefed on the negotiations. Enterprise Products remains interested in a deal for Williams and may make another offer, according to the FT. Williams surged as much as 12 percent to $29.09 and was trading at $27.75 at 2:09 p.m. in New York. Enterprise Products initially rose before erasing gains to trade down 0.3 percent at $27.47. Enterprise Products spokesman Rick Rainey declined by phone to comment. Williams spokesman Lance Latham declined by e-mail to comment.