It looks like it may be a busy weekend for Williams Companies, its advisors and its board of directors as the company seems likely to move ahead with an offer to top Energy Transfer's latest $40-a-share offer for Southern Union , according to sources.
Ultimately, the board of Williams will decide whether to proceed with a counterbid, and it appears likely to consider that offer at this Sunday's board meeting — which means nothing has been decided as yet.
The proposal the board will consider is likely to include a “hell or high water” provision (the buyer takes the risk if the plan doesn’t work) similar to one provided by Energy Transfer in order to blunt any concern over the anti-trust review for the deal.
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