Williams Prices Public Offering of 46.5M Common Shares at $31
Williams (NYSE: WMB) today announced that it priced a public offering of 46,500,000 shares of its common stock at $31.00 per share.
Williams also granted the underwriters a 30-day option to purchase up to an additional 6,975,000 shares of common stock.
Williams intends to use the net proceeds from the offering to finance a portion of its investments in Access Midstream Partners GP, L.L.C. and Access Midstream Partners, L.P. that were previously announced on December 11, 2012.
Citigroup, Barclays, and UBS Investment Bank are acting as joint book-running managers.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.