Williams (WMB) Prices 26M Offering at $30.59/Share
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Williams (NYSE: WMB) today announced that it priced a public offering of 26,000,000 shares of its common stock at $30.59 per share. The offering is expected to close on April 4, 2012.
Williams also granted the underwriters a 30-day option to purchase up to an additional 3,900,000 shares of common stock.
Williams intends to use the net proceeds from the offering to purchase additional Williams Partners L.P. (NYSE: WPZ) common units in connection with the financing of the acquisition by Williams Partners L.P. of Caiman Eastern Midstream, LLC that was previously announced on March 19, 2012.
Barclays, Citigroup, UBS Investment Bank, Deutsche Bank Securities and J.P. Morgan are acting as joint book-running managers.
Williams also granted the underwriters a 30-day option to purchase up to an additional 3,900,000 shares of common stock.
Williams intends to use the net proceeds from the offering to purchase additional Williams Partners L.P. (NYSE: WPZ) common units in connection with the financing of the acquisition by Williams Partners L.P. of Caiman Eastern Midstream, LLC that was previously announced on March 19, 2012.
Barclays, Citigroup, UBS Investment Bank, Deutsche Bank Securities and J.P. Morgan are acting as joint book-running managers.
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