ADVFN - Advanced Financial Network.
HOME» NYSE » S » SUG Stock Price » SUG Stock News

Southern Union Share News

 Southern Union Co. (new) Stock Price
SUG Stock Price
 Southern Union Co. (new) Stock Chart
SUG Stock Chart
 Southern Union Co. (new) Stock News
SUG Stock News
 Southern Union Co. (new) Company Information
SUG Company Information
 Southern Union Co. (new) Stock Trades
SUG Stock Trades

Southern Union Spurns Williams Takeover Offer Of $44 A Share

By Ben Lefebvre Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Southern Union Co. (SUG) reaffirmed Wednesday its decision to merge with Energy Transfer Equity LP (ETE), officially spurning the reiterated overture from a rival bidder. In a government filing, Southern officially declined the renewed offer from Williams Cos. (WMB), which on Tuesday affirmed its $44-a-share cash offer for the natural-gas pipeline company. Williams argued that Energy Transfer's cash-and-stock payment, valued at $5.7 billion when it was made on July 19, would bring less value to Southern shareholders because of volatile stock market movements. Energy Transfer and Williams each have hoped that combining their positions in prolific natural-gas production areas with Southern's access to markets will make them better able to transport natural gas through a system that has become increasingly congested as new drilling technology leads to a gas glut. Energy Transfer's initial mid-June offer of $4.2 billion for Southern sparked a bidding war with Williams that eventually added $1.5 billion to Southern's price tag. -By Ben Lefebvre, Dow Jones Newswires; 713-547-9201; ben.lefebvre@dowjones.com

Stock News for Southern Union (SUG)
DateTimeHeadline
02/15/201217:41:12Energy Transfer Partners 4Q Profit Slips 8.9%; ETE Net Up 13%
01/09/201210:52:24Energy Transfer Partners to Issue $2 Billion in US Debt Markets...
12/09/201114:41:41Southern Union Shareholders Approve Energy Transfer Equity Deal
10/28/201118:27:19Williams Takes Another Look At Southern Union Assets - Filing
10/17/201117:54:08Natural Gas Pipelines Deals May Touch Off More M&A Activity
10/12/201118:58:34Energy Transfer Rejects Williams Request For Southern Assets
08/17/201111:04:48Southern Union Spurns Williams Takeover Offer Of $44 A Share
08/16/201117:38:46Williams Affirms $44/Share Offer For Southern Union
08/15/201120:35:49WSJ: Big Investment Funds Mixed On Approach To Bank Investments...
08/15/201118:51:36Harbinger Reports More Energy And Gadgets But No NY Times Stake
08/15/201118:19:04Icahn Reports New Stakes In Vector Group, El Paso - Filing
08/09/201111:14:47Williams CEO: Evaluating All Options In Bid War For Rival Southern...
08/03/201116:58:26Williams Cos 2Q Profit Up 23% On Performance
07/19/201113:32:54Energy Transfer, Southern Union Reach New $5.7 Billion Deal
07/14/201110:01:36Williams CEO: Hope To Make Southern Union Merger Agreement By...
07/14/201108:59:47Williams Cos Raises Bid For Southern Union To About $5.6 Billion
07/14/201108:59:34INSIDE TRACK: Energy Transfer Equity Chairman Buys Up More Units
07/05/201115:17:37MARKET SNAPSHOT: U.S. Stocks Retreat After Best Week In Two Years
07/05/201107:25:14CORRECT: Energy Transfer Revises Deal To Buy Southern Union With...
07/05/201107:07:01Energy Transfer Revises Deal To Buy Southern Union With Sweetened...

Southern Union and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad