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Report: Williams' Canadian unit could be divested for up to $2B


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Report: Williams' Canadian unit could be divested for up to $2B

WilliamsCos. Inc.'s Canadian unit has garnered the interest of severalbig-name bidders for a deal that could fetch up to $2 billion, Reutersreported, citing "people familiar with the situation."

The interested parties include , , and , and pensionfunds Canada Pension PlanInvestment Board, OntarioTeachers' Pension Plan Board and the ,according to the report.

Williams is working with Barclays Plc and TorontoDominion Bank for the potential deal, which is expected to materialize by theend of July, the sources told Reuters.

Enbridge, Pembina, Keyera, Inter Pipeline and theCPPIB refused to comment and Williams, OTPP, OMERS and Barclays did not respondto Reuters' requests for comment.

This news comes amid the surrounding Williams'failed merger withEnergy Transfer Equity.