By Josh Beckerman

Enterprise Products Partners L.P. confirmed that it had been looking into a merger with fellow pipeline company Williams Cos., but it said it withdrew interest after Williams didn't engage.

In after-hours trading, Williams shares fell 8.5% to $28.50.

Reuters had reported in August that Enterprise approached Williams about a potential acquisition at some point after Energy Transfer Equity L.P.'s late June termination of its deal with Williams, a transaction initially valued at $33 billion.

Enterprise said that "after extensive analysis of public information regarding Williams, we submitted non-binding proposals" to combine Williams and Enterprise.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 08, 2016 17:05 ET (21:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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