Market Overview

Williams Stockholders Approve Acquisition of Williams Partners


The Williams Companies, Inc. (NYSE:WMB) ("Williams") and Williams
Partners L.P. (NYSE:WPZ) ("Williams Partners") today announced that
Williams stockholders approved (i) the issuance of Williams common stock
in connection with the previously announced merger transaction between
Williams Partners and a subsidiary of Williams pursuant to which
Williams will acquire all of the outstanding common units of Williams
Partners it does not currently own (the "Merger") and (ii) the related
amendment to Williams' Amended and Restated Certificate of Incorporation
to increase the number of authorized shares of Williams common stock
(the "Amendment"). More than 99 percent of the Williams shares that were
voted approved the Merger and the Amendment. The Williams shares voted
represented approximately 82 percent of Williams' total outstanding
shares as of the record date.

The Merger is subject to customary closing conditions and is expected to
close on Aug. 10, 2018. Effective Aug. 13, 2018, Williams Partners
common units will no longer be publicly traded on the New York Stock

About Williams & Williams Partners

Williams (NYSE:WMB) is a premier provider of large-scale infrastructure
connecting U.S. natural gas and natural gas products to growing demand
for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams
owns approximately 74 percent of Williams Partners L.P. (NYSE:WPZ).
Williams Partners is an industry-leading, large-cap natural gas master
limited partnership with operations across the natural gas value chain
including gathering, processing and interstate transportation of natural
gas and natural gas liquids. With major positions in top U.S. supply
basins, Williams Partners owns and operates more than 33,000 miles of
pipelines system wide – including the nation's largest volume and
fastest growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners' operations
touch approximately 30 percent of U.S. natural gas.

Portions of this document may constitute "forward-looking statements"
as defined by federal law. Although the company believes any such
statements are based on reasonable assumptions, there is no assurance
that actual outcomes will not be materially different. Any such
statements are made in reliance on the "safe harbor" protections
provided under the Private Securities Reform Act of 1995. Additional
information about issues that could lead to material changes in
performance is contained in the company's annual and quarterly reports
filed with the Securities and Exchange Commission.

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