A Delaware Judge sides with Energy Transfer Equity. In a court ruling this afternoon, the judge said he would allow ETE to step away from a $20 billion bid to merge with Tulsa's Williams Companies, Inc .
It is a deal Energy Transfer agreed to late last year, but soured on in January when energy prices collapsed.
The judge said ETE, had not breached its agreement with Williams. The company said in March a tax problem would keep the deal from closing and would allow ETE back out of the deal without a paying a exit fine. ETE also said it would close Tulsa's Williams operation and move 1,000 jobs to Dallas.
Williams said earlier this week that it would appeal any ruling that favored ETE.