ETE and Williams Announce Timing Agreement with Federal Trade Commission

DALLAS & TULSA, Okla.--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) and The Williams Companies, Inc. (NYSE: WMB) (“WMB” or “Williams”) announced today that they have entered into an agreement (the “Timing Agreement”) with the staff of the Federal Trade Commission (“FTC”) in connection with Energy Transfer Corp LP’s proposed acquisition of WMB. As previously disclosed in Energy Transfer Corp LP’s registration statement on Form S-4 filed on November 24, 2015 with the Securities and Exchange Commission, ETE and WMB received a request for additional information and documentary material (the “Second Requests”) from the FTC pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). ETE and WMB are targeting compliance with the Second Requests in January 2016.