Energy Transfer Equity can escape its now-unwanted merger with the Williams Companies, Vice Chancellor Sam Glasscock III ruled Friday, just ahead of a stockholder vote slated for June 27.
Glasscock’s ruling, outlined in a 58-page memorandum opinion, followed expedited discovery and a two-day trial that played out in Georgetown just this week. In an effort to escape the deal, ETE and its chairman and CEO, Kelcy Warren, had adopted a distribution plan to make the deal unappetizing to the Williams shareholders.
