Sometime this summer, Enbridge Energy Partners (NYSE: EEP), Spectra Energy Partners (NYSE: SEP) and Williams Partners (NYSE: WPZ) will cease trading as independent entities. Instead, unit holders will become shareholders of the parent companies.
As Conrad’s Utility Investor readers are aware, we’ve expected these deals for some time. Williams Companies in fact previously tried to acquire Williams Partners and was forced to abandon the bid when Energy Transfer Equity LP (NYSE: ETE) attempted a hostile takeover. Management has since used almost every opportunity to restate its desire to “simplify.”
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