WMB already owns 60% of WPZ.
#$%$, why not take the other 40%?
Will they spin off the 60% and compete against it?
Also ETE's bid is all stock, NO Cash and went down 5% today.
in fact there is a $411 Million fee due WPZ if WMB backs out
but doesn't look like there is.
yes, because there should have been a Back-out provision if WMB balked.
Looks like there was none.