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Energy Transfer Equity Confirms Proposal to Merge with Williams

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today confirmed that it has made a proposal to merge with The Williams Companies, Inc. (NYSE: WMB) ("Williams" or "WMB") in an all-equity transaction valued at $53.1 billion, including the assumption of debt and other liabilities.