Williams sues Energy Transfer over preferred share offering

Wed Apr 6, 2016 9:35am EDT
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April 6 (Reuters) - Williams Companies Inc has sued Energy Transfer Equity LP to block a private preferred share offering disclosed last month, saying it was a breach of their merger agreement.

The offering provides certain Energy Transfer investors preferential treatment on its distributions, Williams said in a statement.

Williams also said it was suing Kelcy Warren, chairman of the general partner of Energy Transfer. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Anupama Dwivedi)