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Energy Transfer wins $37bn Williams deal

The takeover will create a midstream powerhouse with a vast network of pipeline and processing facilities across the US

In the latest sign of how lower oil prices are reshaping the US energy landscape, Energy Transfer Equity  struck a deal worth $37.7bn with Williams Company in a takeover that will create a midstream powerhouse with a vast network of pipeline and processing facilities crisscrossing the US. The deal brings to a close a months-long saga between the companies. In June, Williams rejected a $48bn offer from Energy Transfer, which is run by billionaire Kelcy Warren, that valued the company at $64 a share, saying at the time that it 'significantly undervalued the company. That rejection prompted Williams' management to launch a strategic review and seek out other potential bidders. In the interven

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