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


To: Brian Sullivan who wrote (55517)6/22/2015 12:31:57 PM
From: Brian Sullivan  Read Replies (1) | Respond to of 78702
 
I guess this is the explanation....

Shares of Williams Partners( WPZ) were sinking, down 6.61% to $49.63 on heavy volume in early market trading Monday, as natural gas pipeline maker Williams Companies ( WMB) considers a takeover offer.

Williams Partners is in the midst of getting acquired by Williams Cos., but Williams Cos. received an unsolicited $48 billion takeover offer from Energy Transfer Equity ( ETE) on Sunday, according to Reuters.

For Williams Cos. to accept its takeover offer from an unnamed company, it must drop its acquisition deal of Williams Partners.

Williams Cos. said it has rejected the buyout bid, but is open to other offers, CNBC reports.

thestreet.com

Seems like a buying opportunity for WPZ shares to me, as they are now at a 33% discount to WMB shares.