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Pipeline Giant Enterprise Drops Pursuit of Williams Merger

  • Enterprise CEO says company focused on “responsibly growing”
  • Enterprise says Williams showed a “lack of engagmement”

Pipeline giant Enterprise Products Partners LP said Thursday that it’s no longer interested in pursuing a merger with rival Williams Cos., citing a lack of engagement by Williams and rumors that circulated about its proposal.

Enterprise’s statement on Thursday marked the first time that the company has publicly confirmed that it had proposed a merger with Williams. The Houston-based company said it withdrew its interest after deciding there was “no actionable path forward toward an agreement.”

Enterprise’s announcement comes just two days after Enbridge Inc. said it would buy pipeline operator Spectra Energy Corp. in a $28 billion all-stock deal, increasing the pressure on other pipeline giants including Enterprise and Kinder Morgan Inc. to...