NEW YORK, Sept. 29, 2015 /PRNewswire/ -- Morgan &
Morgan announces that it is investigating the Board of Directors of
The Williams Companies ("Williams" or the "Company") (NYSE:
WMB) for potential breaches of fiduciary duties in connection with
the sale of the Company to Energy Transfer Equity, L.P. ("ETE")
(NYSE: ETE) for approximately $32.6
billion.
If you own shares of Williams and would like to learn more about
the Williams shareholder investigation, you may contact
Morgan & Morgan at 1(800) 732-5200 or email
info@morgansecuritieslaw.com.
Under the terms of the transaction, Energy Transfer Corp LP
("ETC"), an affiliate of ETE, will acquire Williams at an implied
current price of $43.50 per Williams
share. Williams' stockholders will have the right to elect to
receive as merger consideration either ETC common shares, which
would be publicly traded on the NYSE under the symbol "ETC", and /
or cash.
The investigation relates to whether the proposal is fair to the
public shareholders and if Williams' Board of Directors
breached their fiduciary duties to shareholders. According to
Yahoo! Finance, at least one analyst has issued a price target for
Williams stock at $65.00 per
share.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to shareholder rights, the firm also
practices in the areas of antitrust, personal injury, consumer
protection, overtime, and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide
investor and consumer protection and always fight "for the
people."
Attorney advertising. Prior results do not guarantee a
similar outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/morgan--morgan-announces-the-investigation-of-the-williams-companies--wmb-300150783.html
SOURCE Morgan & Morgan