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Fly News Breaks for September 30, 2015
ETE, WMB
Sep 30, 2015 | 08:58 EDT
After Williams (WMB) agreed to sell itself to Energy Transfer Equity (ETE), Argus thinks that the deal "will prove to be highly accretive over time." Argus believes that Williams has several positive catalysts even if the deal doesn't close, including $30B in potential development projects over the next five years and its transition to fee-based contracts. The firm thinks the stock's valuation is attractive even if the merger does not go through. It keeps a Buy rating o nthe shares.
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