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Williams Cos. Unveils 26 Million Share Offering To Fund Caiman Deal

DOW JONES NEWSWIRES Williams Cos. (WMB) said it plans to offer 26 million of its shares as part of an effort to help fund Williams Partners L.P.'s (WPZ) $2.5 billion acquisition of Caiman Eastern Midstream LLC. Williams Partners, which unveiled the acquisition plan earlier this month, is the midstream and interstate gas pipeline asset-holder of energy company Williams Cos. Williams Cos. said it intends to use the money raised from the stock offering to buy Williams Partners common units to help fund the deal. Williams Cos. has roughly 600 million shares outstanding. Williams Partners expects significant growth in gathering volumes and natural-gas liquids production from the Caiman assets. There are an estimated 300 trillion cubic feet of natural gas in place within a 35-mile radius of the existing gathering system there, and a significant amount remains undedicated, it has said. Williams had said it planned to make an investment in Williams Partners of approximately $1 billion to facilitate the Caiman deal. Last month, Williams Cos. said it swung to a fourth-quarter loss, mostly on write-downs related to its former exploration and production business, while Williams Partners's fourth-quarter earnings improved on strong margins on natural-gas liquids. Williams Cos. shares closed at $30.59 Thursday and were down 0.8% after hours. The stock is up 15% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Williams (WMB)
DateTimeHeadline
04/24/201518:00:00Williams Partners’ Geismar Base Plant Consistently Producing E...
04/23/201512:24:00FORTUNE Names Williams “Most Admired” U.S. Energy Company
04/20/201518:14:00Williams Partners Announces Cash Distribution
04/20/201516:05:00Williams, Williams Partners Analyst Day Set for May 13
04/19/201512:13:03Dividend Stocks: Why Williams Partners' $575 Million Deal Should...
04/19/201511:10:032 Things That Could Sink Williams Companies' Share Price
04/13/201511:26:31Energy Looks Compelling... Even With Low Expectations
04/10/201516:17:58Proxy Statement (definitive) (def 14a)
04/09/201512:25:37Tracking A High Yield Energy Portfolio Through Time
04/08/201517:07:45EV Energy Partners Sells Its Crown Jewels
04/08/201512:45:125 Stable Dividend Picks Loved By Hedge Funds
04/06/201514:47:20Williams Partners Buys More of Utica East
04/06/201514:46:35Williams Partners Buys More of Utica East for $575 Million
04/06/201512:06:13Statement of Changes in Beneficial Ownership (4)
04/06/201508:25:45Williams Partners to buy another 21% stake in UEO for $575M
04/05/201512:17:37Comparing North America's New 3 Largest Oil And Gas Pipeline...
04/02/201516:40:36Statement of Changes in Beneficial Ownership (4)
04/01/201518:06:40Statement of Changes in Beneficial Ownership (4)
04/01/201517:59:58Statement of Changes in Beneficial Ownership (4)
04/01/201517:57:33Statement of Changes in Beneficial Ownership (4)

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