Enterprise Products withdraws offer to buy Williams Cos

September 8, 2016 9:57 PM

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Enterprise Products withdraws offer to buy Williams Cos

Houston-based Enterprise Products Partners said Thursday it withdrew an offer to buy the Williams Cos. pipeline giant after speculation reached Wall Street.

Enterprise CEO Jim Teague said the proposed acquisition offer was pulled because of a "lack of engagement" by Oklahoma-based Williams and because of the increasing rumors about a potential deal. Such rumors began spreading in mid-August, just more than a month after the $33 billion deal for Dallas-b...

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