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Actionable news in WMB: WILLIAMS COMPANIES Inc,

Williams Cos. (WMB) Stock Declined Today, Energy Transfer Equity Merger Threatened

NEW YORK (TheStreet) -- Williams Cos. (WMB - Get Report) stock slumped by 4.96% to $16.68 on heavy trading volume on Monday, as a tax opinion needed to complete its proposed merger with Energy Transfer Equity (ETE) might not be delivered.

The companies need a so-called 721 Opinion from Latham & Watkins to complete the deal, and the law firm recently told Energy Transfer that it would be unable to deliver it if the transaction were to occur as of Monday, according to an SEC filing today, Bloomberg reports.

Williams Cos. disagrees with this position on the tax issues, and the companies are in...