Williams Closes Public Offering of Common Stock
OREANDA-NEWS. Williams (NYSE: WMB) today announced the closing of its previously announced public offering of 60,950,000 shares of its common stock at USD 57.00 per share. That amount includes 7,950,000 shares purchased pursuant to the full exercise of the underwriter's option to purchase additional shares.
Williams intends to use the net proceeds from the offering to finance a portion of its acquisition of the 50 percent general partner interest and 55.1 million limited partner units in Access Midstream Partners, L.P. held by certain Global Infrastructure Partners funds that was previously announced on June 15, 2014.
Citigroup, Barclays and UBS Investment Bank are acting as joint book-running managers.
This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
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