Williams sale is complete
TULSA — Williams Partners LP has completed its acquisition of its parent company's petrochemical production facility in Louisiana. Williams Partners paid $2.264 billion for the Williams Cos. Inc.'s refinery-grade propylene splitter and another $100 million for pipelines in the Gulf region. Williams Partners also is obligated to pay $430 million for the ongoing expansion of the olefins plant and additional pipelines.
TULSA — Hertz Global Holdings Inc. on Monday extended the expiration date to Nov. 16 of its $87.50-per-share $2.3 billion cash tender offer to buy outstanding shares of Tulsa-based Dollar Thrifty Automotive Group Inc. Before the third extension, the Park Ridge, N.J.-based rental car operator's tender offer was set to expire at 4 p.m. CST Monday. Dollar Thrifty has 29.4 million shares outstanding, company documents show. The Tulsa rental car company's shares on Monday continued to drop in price, closing at $74, down 70 cents. The Hertz/Dollar Thrifty deal is subject to antitrust review.
From Staff and Tulsa World Reports