The acquisition was highly prized for Williams' 10,000-mile Transco natural gas network, a major artery connecting Texas to the Northeast.
ETE created a new entity, Energy Transfer Corp LP (ETC) , to serve as the acquiring vehicle. energy transfer williams buyout
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. The acquisition was highly prized for Williams' 10,000-mile
If you need specific details for a , litigation summary , or a comparison to a different deal , let me know. I can also focus on the legal, financial, or strategic aspects of this failed transaction. 000-mile Transco natural gas network
The merger was terminated in June 2016 due to several critical factors: