Published January 13, 2015
Williams Cos. said Monday it will buy natural gas producer Barrett Resources for $2.5 billion in cash and stock, topping a $2 billion hostile bid by the U.S. unit of Royal Dutch/Shell Group.
Denver-based Barrett put itself up for sale in a formal auction after Shell mounted its effort in March.
The boards of Williams and Barrett have approved the deal, Williams announced Monday. Shell had no immediate comment.
https://www.foxnews.com/story/williams-cos-to-buy-barrett