Williams to acquire remaining 26% stake in Williams Partners for $10.5bn

By Pouyan Broukhim

Oklahoma-based pipeline operator Williams has announced that it has agreed to acquire the outstanding shares of Williams Partners LP in a deal valued at $10.5bn.

The deal for the remaining 26% stake in the company will be an all-stock transaction, with Williams Partners shareholders receiving 1.49 Williams shares for each single share in the deal, representing a 13.6% premium compared to the company’s unaffected share price.

See also:

The merger is part of Williams’ corporate restructuring program that the firm says will simplify its holdings, streamline its governance, and consolidate its core assets.

“This strategic transaction will provide immediate benefits to Williams and Williams Partners investors,” said Alam Armstrong, Williams’ President and Chief Executive Officer.

“The transaction will allow Williams to directly invest the excess coverage in our expanding portfolio of large-scale, fully-contracted infrastructure projects that will drive significant EBITDA growth without the need to issue equity for the broad base of projects currently included in our guidance.”

Shares of Williams Companies were up 2.3% in the wake of the announcement.


Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox


Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business