The acquisition of The Williams Cos. Inc., Tulsa, Okla., by Energy Transfer Corp., Dallas, an affiliate of Energy Transfer Equity LP, could create a single energy company with combined retirement assets of about $4.3 billion.
Information was unavailable on how the companies' retirement programs would be affected by the deal, which is valued at about $37.7 billion. Further details about the deal and when it is expected to close were not disclosed.
The Williams Cos. had $1.3 billion in defined benefit assets as of Dec. 31, according to its most recent 10-K filing. As of the same date, The Williams Investment Plus Plan, a defined contribution plan, had $1.2 billion in assets, according to the company's most recent 11-K filing.
At the end of December, the Energy Transfer Partners GP 401(k) plan had $1.2 billion in assets, according to its most recent Form 5500, and $598 million in defined benefit assets, according to its most recent 10-K.
Spokesmen for the two companies could not immediately be reached for additional information.
