WebDec 30, 2024 · Oil-pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded.. Since Dallas-based Energy Transfer -- owned by billionaire Kelcy Warren-- successfully pulled the plug on the 2016 combination, it’s required under the merger agreement to … WebAug 29, 2024 · The basis for Williams’ motion was its victory against Energy Transfer, LP (“ETE”) in a dispute over a contractual termination fee reimbursement following the parties’ unconsummated $37.7 billion …
Judge Rules Energy Transfer Owes $410M For Breakup of 2016 …
WebDec 30, 2024 · Oil pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded.View the full article Jump to content WebDec 30, 2024 · $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to sinking oil prices.In a 95-page decision on Wednesday, Vice Chancellor Sam Glasscock of Delaware Chancery Court said Energy Transfer owed the breakup fee for breaching the September 2015 merger agreement by issuing preferred … ordnance survey maps online log in
Energy Transfer must pay Williams $410 mln for abandoning …
WebDec 30, 2024 · A Delaware judge ordered oil pipeline operator Energy Transfer LP to pay rival Williams Cos $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to ... WebDec 30, 2024 · Dec 30 (Reuters) - A Delaware judge ordered oil pipeline operator Energy Transfer LP to pay rival Williams Cos $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to sinking oil prices. WebDec 30, 2024 · Reading Time: 2 mins read. 0. (Bloomberg) — Oil-pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the deal, a judge concluded. Since Dallas-based Energy Transfer — owned by billionaire Kelcy Warren — successfully pulled the plug on the 2016 … how to turn off the news