Southern Union Company SUG today confirmed receipt of a revised
proposal by The Williams Companies, Inc. WMB to acquire all of the
outstanding shares of Southern Union for $44.00 per share in cash.
Southern
Union will review the proposal, consistent with its fiduciary duties and its
obligations under its revised merger agreement with Energy Transfer Equity,
L.P. ETE announced July 5, 2011. At this time, the Board reaffirms its
recommendation of the existing ETE merger agreement.
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