LAWSUIT ALERT: Andrews & Springer LLC Announces That a Law Firm Has Filed a Class Action Lawsuit Against The Williams Companies, Inc. - WMB

WILMINGTON, Del., July 06, 2015 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed by another law firm on behalf of stockholders of The Williams Companies, Inc. WMB ("Williams" or the "Company") seeking to challenge misconduct by the Company's board of directors in rejecting Energy Transfer Equity's recent proposal to acquire Williams for $64.00 per share.  

If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

On June 21, 2015, Williams announced that the Company rejected a $48 billion ($64.00 per share) takeover proposal from Energy Transfer Equity after several months of negotiations. In the Company's announcement, it disclosed that the proposal "undervalues Williams" even though the Company's stock was trading around $48.00 per share at the time. Energy Transfer's proposal represented a significant 32% premium to Williams' trading price. On June 22, 2015, The New York Times Dealbook revealed that Williams' board of directors had self-interested motives to not pursue a value-maximizing deal with Energy Transfer Equity. Specifically, the article disclosed that one of the reasons that Williams' board of directors rejected Energy Transfer's offer was because the proposal required the Company to abandon its highly-conflicted, previously announced acquisition of subsidiary affiliate Williams Partners L.P.

On July 1, 2015, a Williams shareholder represented by another law firm filed a class action complaint challenging the conduct of Williams' board of directors in approving the Company's acquisition of Williams Partners L.P. The complaint was filed in the Delaware Court of Chancery, Case No. 11236.

If you own shares of Williams and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/Williams-Companies-class-action or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.