my question is if ETE announced that they were cancelling teh distribution because of the merger and using the cashflow to pay down debt would that be enough for WMB holders to vote against the merger?
its a panic . CHK hired BK attorneys. people think that if they file that the flow of gas thru WMB/s pipes will just stop.. of course it wont. they creditors will still want to get paid and the only way that happens is if gas continues to flow.