Currently, two energy giants are planning a trip down the aisle for a mega-merger. Dallas-based Energy Transfer Equity’s (ETE) proposed $37.7 billion merger with The Williams Companies, which is based in Oklahoma, will create the third largest energy franchise in North America and one of the five largest global energy companies.
In light of the sheer size of the proposed merger, the Federal Trade Commission is reviewing the pending business combination transaction to ensure compliance with federal antitrust laws. ETE and Williams recently announced they have entered into a timing agreement with the FTC staff in connection with Energy Transfer Corp LP’s proposed acquisition Williams.
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