Southern Union (SUG) says it will enter into negotiations with Williams Cos. (WMB), which just...

|About: Southern Union Co. (SUG)|By:, SA News Editor

Southern Union (SUG) says it will enter into negotiations with Williams Cos. (WMB), which just upped its bid for the natural gas pipeline operator to $44/share. SUG's board still recommends Energy Transfer's (ETE) earlier bid, and its decision to provide non-public information does not mean the revised Williams proposal is superior.