The report, private information which ISS sent me after I asked to write about it for Seeking Alpha, goes well beyond the summary inWilliams' press release.
In its report, the leading proxy advisory firm said despite the drop in energy prices and stock values since the merger was announced last September, the deal offers significant value--perhaps as much as $10 billion--to Williams shareholders.
Theory- The people around Kelcy are feeding him phony information about the deal, ie low oil prices, etc., they do not want the deal to go through because they may lose their job if it does. Also Kelcy is afraid of losing control of the company and is pissed that his preffered shares are not being approved, he changed his mind and is trying to back out by issuing a phony tax ruling with his hand picked lawyers. It looks like, they will reach some deal in court that allows both parties to walk away from the deal, if that happens the big loser will be the shareholders. There is a possibility that a merger is approved, maybe with revised conditions. We will find out next week, what happens.
Are you reading this shareholders, Williams and ETE CEO's and especially anyone with a basic understanding of economics and the simple gift of common sense? Both of which ( a basic understanding economics and.common sense) seem to be low on the totem pole of the geniuse CEO's at Williams and ETE. This "merger" began 10 months ago. Makes many wonder - what is the real inside deal? We shall eventually know. Eventually it all becomes to hard to control the truth. Good luck when when the real truth regarding all ridiculous aspects of this merger,come to light. Good luck with that knowledge, Williams and ETE.