Saturday, 25 June 2011

Southern Union increases offer (Investor's Business Daily)

The natural gas pipeline operator rose above a takeover bid of $ 39-per-Share by Williams (NYSEWMB :- News) disclosed after the markets closed Thu., suggesting investors expect higher rival offer. Williams ' offer topped by transfer of energy (NYSEETE :- News) 33-per-Share offer, helping to raise the Union's southern (NYSESUG :- News) actions as tall as 41.68 before settled the 16.7% at 39.85. As natural gas prices have fallen, pipeline operators are looking to increase their capacity for the carriage of gases. Williams fell 2.3% 28.55. Transfer of energy decreased 5.5% at 43.06.


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