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

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital