Williams Sues Energy Transfer Over Preferred Share Offering
Williams Companies Inc has sued Energy Transfer Equity LP to block a private preferred share offering disclosed last month, saying it was a breach of their merger agreement.
The offering provides certain Energy Transfer investors preferential treatment on its distributions, Williams said in a statement.
Williams also said it was suing Kelcy Warren, chairman of the general partner of Energy Transfer.
(Reporting by Amrutha Gayathri in Bengaluru)
