Dallas-based oil pipeline giant Energy Transfer LP must pay $410 million for scuttling a $33 billion merger with rival Williams Cos. over a tax flaw in the...
The judge’s ruling marks the latest twist in what was nicknamed the energy industry’s “deal from hell.”
“Having called a dirge for the merger,” Energy Transfer “must pay the piper,” Glasscock said in his 95-page ruling in the more-than-five-year dispute over the deal. Following a trial, Energy Transfer convinced Glasscock in 2016 that it had grounds to pull out of the merger after advisers said the deal didn’t free investors from $1 billion in tax liabilities. The ruling prompted both companies to demand breakup fees, arguing it was the other side that maneuvered to sink the deal.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2022 look ahead: Will Dallas-Fort Worth’s great jobs machine keep cranking next year?This is what economic momentum looks like: Dallas-Fort Worth added 42,700 jobs in November, nearly three times more than its average monthly job gains over...
Leer más »
Report: FC Dallas phenom Ricardo Pepi transferring to Bundesliga’s FC AugsburgA jewel of U.S. soccer and the franchise player of FC Dallas is reportedly heading overseas. El Paso native Ricardo Pepi, 18, is expected to make a...
Leer más »
Hot List: 22 great restaurants and bars to visit in Dallas-Fort Worth in January 2022This month’s list is heavy on barbecue. And bars. Hey, those are two of our favorite things!
Leer más »
Dallas CowboysCOWBOYS DOWN AT HALF: A half filled with penalties sees the Cardinals lead the Cowboys 13-7. What are your thoughts on the 1st half performance? 4TheCowboys
Leer más »
6 ways the Dallas Cowboys Cheerleaders have left a mark on American cultureTheir half-century has seen them grow from a seed of an idea into an international dance troupe, although not without controversy.
Leer más »