WILLIAMS COS. v. ENERGY TRANSFER EQUITY

No. 330, 2016.

159 A.3d 264 (2017)

The WILLIAMS COMPANIES, INC., Plaintiff Below-Appellant, v. ENERGY TRANSFER EQUITY, L.P., et al., Defendants Below-Appellees.

Supreme Court of Delaware.

Decided: March 23, 2017.

Rehearing Denied April 5, 2017.


Attorney(s) appearing for the Case

Kenneth J. Nachbar, Esquire and Zi-Xiang Shen, Esquire , Morris, Nichols, Arsht & Tunnel LLP, Wilmington, Delaware; Sandra C. Goldstein, Esquire (argued), Antony L. Ryan, Esquire , and Kevin J. Orsini, Esquire , Cravath, Swaine & Moore LLP, New York, New York, for Plaintiff Below, Appellant, The Williams Companies, Inc.

Rolin P. Bissell, Esquire , Elena C. Norman, Esquire , Tammy L. Mercer, Esquire , and Benjamin M. Potts, Esquire , Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; Michael C. Holmes, Esquire (argued), John C. Wander, Esquire , Jennifer B. Poppe, Esquire , Jeremy C. Marwell, Esquire , Andrew E. Jackson, Esquire , Craig E. Zieminski, Esquire , Joshua S. Johnson, Esquire , and Gregory F. Miller, Esquire , Vinson & Elkins LLP, Dallas, Texas, for Defendants Below, Appellees, Energy Transfer Equity, L.P., Energy Transfer Corp LP, ETE Corp GP, LLC, LE GP, LLC, and Energy Transfer Equity GP, LLC.

Before STRINE, Chief Justice; HOLLAND, VALIHURA, VAUGHN, and SEITZ, Justices, constituting the Court en Banc.


I. INTRODUCTION

This appeal arises from a merger agreement under which Energy Transfer Equity, L.P. ("ETE"), a Delaware limited partnership, agreed to acquire the assets of The Williams Companies, Inc., ("Williams"), a Delaware corporation. Both Williams and ETE are involved in the gas pipeline business...

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