Energy Transfer Confirms Terms of Williams Proposal

DALLAS--(BUSINESS WIRE)--In response to inquiries from stockholders, Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (NYSE: WMB) ("Williams" or "WMB") at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.