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Oklahoman Published: November 6, 2012

In brief

Williams sale is complete

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.

Hertz offer

is extended

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


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