Jefferies Downgrades Williams Companies (WMB) to Hold

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Go back to Jefferies Downgrades Williams Companies (WMB) to Hold

Williams Announces Proposed Offering of Common Stock

January 9, 2017 4:45 PM EST

TULSA, Okla.--(BUSINESS WIRE)-- Williams (NYSE: WMB) (Williams) today announced that it has commenced an underwritten public offering of 65 million shares of Williams common stock. The underwriters will be granted a 30-day option to purchase up to an additional 9.75 million shares of common stock.

Williams intends to use the net proceeds of the offering to purchase newly issued common units, representing limited partnership interests, in our subsidiary, Williams Partners L.P. (NYSE: WPZ) (Williams Partners) at a price of $36.08586 per unit. With respect to units issued to... More