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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (43027)	6/23/2011 7:26:52 PM
From: E_K_S	Read Replies (1) \| Respond to of 78514

Looks like a bidding war for SUG. Williams Offers $4.9 Billion for Southern Union By Mike Lee and Zachary R. Mider - Jun 23, 2011 3:46 PM PT bloomberg.com From the article:"...Williams Cos. offered to buy pipeline company Southern Union Co. (SUG) for $4.86 billion in cash, topping a bid by Energy Transfer Equity LP. (ETE) The Williams offer values Southern Union at $39 a share, according to a statement today from the Tulsa, Oklahoma-based company. That’s $6 a share, or about $750 million, more than the June 16 sale price announced by Southern Union and Energy Transfer...." ---------------------------------------------------------------------- Looks like some view those pipelines a lot more than others. That's an 18% overbid by WMB. EKS