New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2013
11:06 EDTLG, ETE, ETPLaclede, Energy Transfer confirm early termination of HSR review period
The Laclede Group (LG) and Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) announced the early termination on January 22 of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with previously announced transactions. The transactions include purchase and sale agreements under which two wholly owned subsidiaries of Laclede Group will acquire the assets of Missouri Gas Energy and New England Gas Company from Southern Union Company, a jointly owned affiliate of ETE and ETP. The early termination of the HSR review period satisfies a significant regulatory condition to the consummation of the acquisitions, the companies said. The acquisitions of the LDCs are expected to be closed before the end of the third quarter of calendar 2013, subject to the receipt of certain other regulatory approvals.
News For LG;ETP;ETE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 7, 2015
18:58 EDTETEEnergy Transfer Equity confirms terms of Williams proposal
Subscribe for More Information
July 2, 2015
13:11 EDTETP, ETEEnergy Transfer refuses 'standstill' clause in Williams auction, Bloomberg says
Subscribe for More Information
12:37 EDTETEWilliams said to have contacted over 15 potential suitors, Bloomberg reports
Energy Transfer Equity's (ETE) CEO is said to push back against Williams' (WMB) auction rules, according to Bloomberg.
June 26, 2015
16:32 EDTETEStocks end week lower with Greece still searching for deal
Subscribe for More Information
07:51 EDTETEEnergy Transfer Equity weakness creates buying opportunity, says Wells Fargo
After meeting with ETE's (ETE) management, Wells Fargo says that, in a worst case scenario, an acquisition of Williams (WMB) would not materially impact ETE's growth. However, the firm thinks the merger could boost the company's results if it can extract commercial synergies from the deal. Wells says that ETE wants to carry out the merger in order to boost its growth in 2019 and beyond. But ETE also believes that it could add $3B-$5B of additional organic growth projects if it acquires Williams, while generating more cash flow from Williams' existing projects, according to the firm.
June 25, 2015
10:00 EDTLGOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:40 EDTETEWilliams downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information
06:37 EDTLGLaclede downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Laclede to Underweight saying rate case uncertainty in 2017 and the recent appreciation in shares limit upside potential going forward. the firm cut its price target for shares to $52 from $55.
June 24, 2015
15:47 EDTETEBankers see Energy Transfer having upper hand for Williams, dealReporter says
Energy industry bankers believe Energy Transfer Equity (ETE) has a good chance of winning its hostile bid for Williams (WMB), with one guessing Williams is likely to sell at a higher offer, but still to Energy Transfer, and another believing Energy Transfer will likely have to tweak the offer terms to change Williamsí mind, said dealReporter, according to contacts. Both bankers referenced in the report said other suitors are likely to emerge, with Kinder Morgan (KMI) and Enterprise Products Partners (EPD) named as being "equally capable" of pursuing a deal.
June 23, 2015
07:36 EDTETEEnergy Transfer Equity bid for Williams positive, says RBC Capital
Subscribe for More Information
07:24 EDTETECredit Suisse to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use