Hedge Funds Hang on Delaware Decision in Pipeline Merger

Energy Transfer wants to back out of a merger with Williams Cos. Chancery court to decide how much that will cost.

A high-profile but contentious merger deal between two oil pipeline giants finally seems to be close to resolution. And given the performance of the two stocks involved, hedge funds may have bet on the wrong horse.

The deal: Energy Transfer Equity’s $38 billion acquisition of Williams Cos.

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