Could it be possible, the two mgts agree to part ways, after that, but before the WMB shareholder vote? But, depending on how the court rules, this could affect the approach and handling of penalties. On the subject of penalties, I do not see how WMB could ever be liable for one.
I wonder how long it will take for the court to rule?
If the economy is doing ok and nat gas is stable, and they continue to expand, how can the next qtr be any worse than the last qtr? Plus WMB mgt has been cleaning up the balance sheet ... and they have removed some staff. Would think guidance should be decent. The one thing ppl ding WMB on is the debt level ... and they are not adding to it.
Many ETE shareholders appear to be as delusional as the ETE CEO K Warren. Pretty pathetic. They should be forced to pay for ETE's wrong way deeds, IMO. ETE has shown their ignorance in trying to buy WMB, when they really should never have tried, in the environment which was present.
He is so full of BS, but I give him an "A" for trying. Saying ETE is no longer talking to WMB and WMB owes ETE a breakup fee ... does it get more delusional than that ... or am I missing something?
Who is really the problem in this deal ... is it ETE or WMB? If you are an ETE shareholder, you dislike the WMB position and the WMB shareholders. Visa versa if you are a WMB shareholder. At the end of the day, who is wrong and who is right? Is that to be decided by a judge? The relationship between both sides is scorched earth at this point.
He is trying every avenue he can to make the deal go away ... in a way, it is hilarious, but since we are WMB shareholders, it is not funny. The latest counter suit entails saying WMB should pay for obstructing the deal and not helping to finance it. I wonder what today is going to bring??
But, does WMB really want to proceed with the deal? Or do they merely want some compensation for the apparent screwing the WMB shareholders have endured? If you go to the ETE MB, they are happy with what Warren is doing ... they are not really looking at this from a neutral viewpoint. They just want ETE stock to go up and they see WMB shareholders and mgt as keeping that from happening. Sure looks like a toxic mess, eh?
I am very sick of this nonsense! There does not seem to be any incentive to do the right thing. The goal for Warren is escape the deal and not be liable for anything. The goal for WMB is to continue to say they want to proceed with the deal and ETE actions are keeping that from happening. Who has more to lose with this scenario? As you said, why would they want to throw this to a judge to decide? Maybe this is all about who blinks first in a high speed head on crash?