On Friday, Shares of Williams Companies, Inc. (NYSE:WMB), gained 3.38% to $57.12.
On June 22, The Williams Companies, declared that Sarah Miller has been named general counsel of the company, effective June 20, 2015. Williams’ board of directors has confirmed Miller’s role. She will report directly to Williams President and Chief Executive Officer Alan Armstrong.
Miller will lead Williams’ legal team, succeeding Craig Rainey who has stepped down. Miller, who formerly served as vice president, corporate secretary and assistant general counsel for the company’s corporate secretary team, was designated to the interim general counsel position in March 2015.
Miller joined Williams in 2000 and has served in a variety of legal leadership roles. In addition to serving as corporate secretary and assistant general counsel, she has also served as senior counsel for the company’s midstream business, and as senior attorney for the legal department’s business development team. Preceding to joining Williams, Miller was a litigation associate at Crowe & Dunlevy.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
Shares of Energy Transfer Equity, L.P. (NYSE:ETE), inclined 3.13% to $65.16, during its last trading session.
Energy Transfer Equity, will likely have to enhance its $53.1 billion offer for The Williams Companies if it wants the deal to happen, Darren Horowitz, an analyst for Raymond James, wrote this week, according to American City Business Journals.
Dallas-based Energy Transfer, originally offered $64 a share for Tulsa, Oklahoma-based Williams. Williams rejected the offer.
Assuming $200 million in synergies in 2016, Horowitz suggests upping the deal to $74 a share.
“While this doesn’t necessarily mean we believe ETE will offer $74/share, there appears to be ample room for ETE/WMB to work out a deal,” Horowitz said in his report. “Stay tuned.” American City Business Journals Reports.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Energy stocks turned mixed Friday afternoon, erasing earlier declines as crude oil pared its earlier losses, with the NYSE Energy Sector Index sinking 0.2% while shares of energy companies in the S&P 500 rose 0.2% as a group.
Among energy stocks, Spectra Energy Corp. (NYSE:SE), ended its last trade with 0.77% gain, and closed at $32.80, hitting its lowest level.
Crude oil for August delivery settled 7 cents lower at $59.63 per barrel while August natural gas futures fell 8 cents lower at $2.77 per 1 million BTU.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
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