Williams completes acquisition of Williams Partners
Published by Lydia Woellwarth,
Editor
World Pipelines,
The Williams Companies, Inc. (Williams) and Williams Partners L.P. (Williams Partners) have announced that Williams has closed the merger of Williams Partners with a subsidiary of Williams. Pursuant to the merger, Williams acquired all of the outstanding common units of Williams Partners it did not previously own. As a result of the merger, and following the closing of the market, Williams Partners common units will no longer be publicly traded on the New York Stock Exchange.
“We are pleased to close this important transaction following the strong support for the merger that was demonstrated by our shareholders in yesterday’s overwhelming vote of approval,” said Alan Armstrong, President and Chief Executive Officer of Williams. “This transaction provides Williams with a simplified corporate structure and streamlined governance while maintaining investment-grade credit ratings and positions us well for long-term growth and enhanced shareholder value. As a fast-growing, investment grade C-Corp with the best natural gas infrastructure assets in the sector, we are confident this combined entity will provide a compelling investment opportunity to a broader range of investors.”
Read the article online at: https://www.worldpipelines.com/business-news/13082018/williams-completes-acquisition-of-williams-partners/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Eni and the UK Government reach financial close for the Liverpool Bay CCS project
The project foresees the efficient repurposing of part of the offshore platforms as well as 149 km of onshore and offshore pipelines, and the construction of 35 km of new pipelines to connect industrial emitters to the Liverpool Bay CCS network.