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ETE, Williams Have 50-50 Chance of Completing Merger - Analyst

The likelihood of Energy Transfer Equity (ETE - Get Report) closing its troubled $37 billion purchase of pipeline owner Williams Cos. (WMB - Get Report) before the June 28 deadline has degraded materially with odds now skewed toward a deal break, analysts at energy-focused investment bank Tudor, Pickering, Holt & Co. wrote in a note Tuesday.

They said the deal has created an overhang across entire Energy Transfer complex, whether directly or not, and while cash flow...