Williams Proposes to Acquire Southern Union for $39.00 per Share in Cash Totaling $8.7B

Williams WMB today announced that it has proposed to acquire all of the outstanding shares of Southern Union Company SUG for $39.00 per share in cash, for a total enterprise value of $8.7 billion. Williams conveyed the all-cash, premium proposal via a letter to the Special Committee of Southern Union's Board of Directors.