: The FTC had initially raised concerns about reduced competition in Florida, requiring ETE to divest Williams' interest in the Gulfstream Natural Gas System to proceed. Litigation and Financial Outcomes
: The merger would have created the world's largest energy infrastructure group, operating over 100,000 miles of oil and gas pipelines. energy transfer williams buyout
: Announced in September 2015 as a combination valued at approximately $37.7 billion , including assumed debt. : The FTC had initially raised concerns about
: ETE officially terminated the merger agreement on June 29, 2016. Breakup Fees : : ETE officially terminated the merger agreement on
The proposed $33–$37.7 billion buyout of by Energy Transfer Equity, L.P. (ETE) was one of the most high-profile failed mergers in the energy sector. Announced in September 2015, the deal collapsed in June 2016 following a sharp downturn in energy prices and a protracted legal battle over tax technicalities. Deal Overview & Strategic Rationale
: To enter the ETE deal, Williams had first to cancel its own acquisition of Williams Partners, incurring its own $428 million termination fee in 2015. Current Company Status (2026)