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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;

Stock News for Williams (WMB)
10/09/201515:36:29Additional Proxy Soliciting Materials (definitive) (defa14a)
10/09/201514:36:57Williams delays return of Louisiana pipeline after fatal blast
10/09/201508:00:00Williams, Williams Partners to Report Third-Quarter Financial...
10/06/201518:15:24Statement of Changes in Beneficial Ownership (4)
10/06/201518:09:36Statement of Changes in Beneficial Ownership (4)
10/06/201518:07:18Statement of Changes in Beneficial Ownership (4)
10/06/201518:05:42Statement of Changes in Beneficial Ownership (4)
10/06/201518:03:06Statement of Changes in Beneficial Ownership (4)
10/06/201517:57:43Statement of Changes in Beneficial Ownership (4)
10/06/201517:54:09Statement of Changes in Beneficial Ownership (4)
10/06/201517:51:33Statement of Changes in Beneficial Ownership (4)
10/06/201517:49:24Statement of Changes in Beneficial Ownership (4)
10/05/201506:30:00Columbia Pipeline Group Announces Williams Partners Affiliate...
10/02/201506:04:43Filing of Certain Prospectuses and Communications in Connection...
10/01/201517:21:34Amended Current Report Filing (8-k/a)
10/01/201517:19:23Additional Proxy Soliciting Materials (definitive) (defa14a)
10/01/201512:08:00SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation...
10/01/201510:15:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
09/30/201518:14:00WeissLaw LLP: Williams Companies, Inc. Acquisition By Energy...
09/30/201512:34:00Energy M&A Surges Despite Oil Slump

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