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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (9277)6/23/2011 7:27:35 PM
From: E_K_S  Read Replies (1) | Respond to of 34328
 
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...."

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Looks like some view those pipelines a lot more than others. That's an 18% overbid by WMB.

EKS



To: E_K_S who wrote (9277)7/3/2011 9:09:25 AM
From: Steve Felix  Respond to of 34328
 
Hi E_K_S,

re SUG, looks like we fall in with what I have read about stocks money managers sell outperforming what they buy over the next 12 months. Of course the market is a great place for shoulda, coulda, woulda.

As for SRV, I'll just sit on my hands. Not sure what the future brings, but when I overlay the charts, it has outperformed TPZ since TPZs inception on a price basis alone.


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