$38 billion merger: Pipeline giants strike deal

September 28, 2015 11:58 AM

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The Williams Cos. agreed to a sale to Energy Transfer Equity three months after rejecting a bid.

Oil and gas pipeline firm Energy Transfer Equity reached a deal to acquire another pipeline giant, The Williams Companies, in a transaction valued at $37.7 billion including debt.

Also read: Exxon Mobil Expands Permian Basin Footprint in Deal Worth More Than $5.6 Billion

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