Energy Transfer Equity (ETE) warns takeover target Southern Union (SUG) that talking to rival...

|About: Energy Transfer Equity, L.P. (ETE)|By:, SA News Editor

Energy Transfer Equity (ETE) warns takeover target Southern Union (SUG) that talking to rival suitor Williams Cos. (WMB) would be a "willful" breach of their $4.2B merger agreement. Although Southern's sharing of information with Williams wouldn't cause a merger cancellation, it "could materially damage the business that Energy Transfer will be acquiring," ETE says.