Williams May Revise Terms of Deal With Energy Transfer, Says Report

Shares of Energy Transfer Equity are higher on reports that Williams Cos. is open to changing the terms of the company's planned $20 billion merger.
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Shares of Energy Transfer Equity (ETE) are climbing after Reuters reported that Williams Cos. (WMB) - Get Report is open to changing the terms of the company's planned $20 billion merger.  Energy Transfer had warned that it may be unable to close the deal in its current form due to a tax issue, and then Williams sued the company. Now, Williams may consider a proposal to replace the $6 billion cash portion of the deal with Energy Transfer shares.  Investors have been unsure whether the deal will close.