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Williams Cos. (WMB -0.6%) may raise its bid for Southern Union (SUG +2.8%) after Energy Transfer...
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Tuesday, July 5, 2011, 10:58 AM ETWilliams Cos. (WMB -0.6%) may raise its bid for Southern Union (SUG +2.8%) after Energy Transfer Equity's (ETE +0.2%) latest $40/share offer, Tudor Pickering analysts say. The deal talk, plus a ~1.5% rise in crude oil prices and other news (I, II) send energy shares (XLE +0.9%) broadly higher. Not participating: XOM, -0.2% after its Yellowstone spill.
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