09:24 AM EDT, 09/04/2024 (MT Newswires) -- Targa Resources ( TRGP ) rejected Williams' (WMB) informal takeover interest in recent months, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Targa viewed Williams' advances as undervaluing the company, the sources told Bloomberg. There are currently no formal talks taking place, and it is unclear whether Williams will decide to continue to pursue a deal, according to the people.

Neither Targa nor Williams immediately responded to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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