TULSA – The merger once considered to possibly make significant waves in Tulsa is now terminated.
"Williams and its employees are synonymous to Tulsa...they are heavily engaged in our community" pic.twitter.com/HRqR8GPht7
— TulsaRegionalChamber (@TulsaChamber) June 29, 2016
"Walk with confidence as Tulsans that we can compete with anyone," - Secretary of State Chris Benge pic.twitter.com/hIbXChPsns
— TulsaRegionalChamber (@TulsaChamber) June 29, 2016
Around midnight on Wednesday, Energy Transfer Equity officially bowed out of a merger agreement with The Williams Co.
The decision was made just days after Williams’ shareholders voted for the merger. Before the shareholders voted, though, a judge gave ETE the green light to back out of the deal because of tax issues.
“It is our understanding that ETE chose to walk away based largely on the inability of their tax attorneys to provide the necessary tax opinion on the merger,” said Mike Neal, president and CEO of the Tulsa Regional Chamber in a press conference.
Tulsa Regional Chamber members, along with Mayor Bartlett, held a press conference Wednesday to discuss the impact the decision would have on Tulsa.
Following the press conference Mayor Bartlett and chamber sign "RIP" document @KJRH2HD pic.twitter.com/d5t24yWG9P
— Ashley Holt (@AshleyHoltKJRH) June 29, 2016
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