Keep reading etc wants to get out of the deal due to low oil prices. That isn't true the price of oil is 50 bucks and rising, the same price when the deal was announced last year when employees where informed how great the deal was. They to honor their commitments to their shareholders and complete the merger.
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If ETE took one look at that crew in OKC they probably were wanting to squash the deal on the spot. But I'm sure cooler heads have prevailed and ETE realized that the OKC office will be shuttered before the ink dries and any remaining employees that don't get laid off will be given the option of moving to Houston (aka resigning).
I was thinking that as well, maybe the integration teams did not make good recommendation, but I don't that is likely. The other situation is the 6 billion cash needed and increased debt a real concern. . I still hope that both parties can come to an agreement, since it is pretty obvious the combined company with big bigger and stronger.
Through the joint merger teams, ETE has seen just how much WMB management has destroyed the company. Of course they don't want to pay the cash portion of the agreement, but they also realize just how much they have to fix, even if they do get rid of a lot of WMB management.