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US: Dallas billionaire pursuing $53.1 billion energy merger

By  |  June 22, 2015

Dallas billionaire Kelcy Warren wants to combine two of the country’s largest pipeline companies in a $53.1 billion merger that would rank among the highest priced energy deals ever.

Warren’s Energy Transfer Equity announced it had proposed a merger with Tulsa-based Williams after the offer was rejected by the company’s management.

Williams said it was exploring “ a range of strategic alternatives following receipt of an unsolicited proposal.”

The offer by Warren, founder and CEO of Energy Transfer Equity, stands to combine two sprawling oil and gas networks stretching from coast to coast, with a combined 104,000 miles of pipeline.

Energy Transfer has been pursuing Williams for at least six months.

Full content: The Wall Street Journal

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