Oil billionaire and Oklahoma State University donor T. Boone Pickens on Wednesday endorsed presumptive Republican nominee Donald Trump and said he supports the candidate's proposal to temporarily ban Muslims from entering the U.S., according to the Wall Street Journal.
BY CASEY SMITH, Tulsa World | Published: Fri, May 6, 2016
Dallas billionaire Kelcy Warren and other members of the Energy Transfer C-Suite didn’t hold back during an earnings call Thursday morning when analysts asked questions about the status of Energy Transfer Equity’s proposed merger with Williams and new problems with the deal that have come up during the past quarter.
One of those obstacles has been over tax issues that allegedly threaten the merger. Law firm Latham & Watkins LLP has told Energy Transfer that, under current conditions, it wouldn’t be able to deliver a tax opinion that Energy Transfer and Williams need to complete their transaction.
The law firm recently told Energy Transfer that it wouldn’t be able to deliver that so-called 721 Opinion but Williams has said that it disagrees with the law firm’s position. Williams has proposed two possible solutions to the tax issue that ETE says it does not agree with.