More Signs Williams Companies Deal Is In Jeopardy, New York Times Reports

There are more signs the deal to buy Tulsa's Williams Companies is in jeopardy.

The New York Times reported on Thursday that  Energy Transfer Equity is frantically looking for a way to get out of the deal.

The Times says shares of both companies plummeted more than 60 percent partially because of investor concerns about the merger.

The newspaper said the value of the deal dropped nearly $1 billion on Thursday because of disappointing earnings.

Williams shareholders still could vote down the merger, but the Times says, short of Energy Transfer filing bankruptcy, it's stuck buying Williams.