April 6, 2016 / 1:37 PM / in 2 years

Williams sues Energy Transfer over preferred share offering

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below