Williams to buy rest of Williams Partners in $10.5 billion deal

Williams to buy rest of Williams Partners in $10.5 billion deal

Pipeline operator The Williams Cos. said on Thursday it would buy the remaining 26 percent stake that it does not already own in its master limited partnership, William Partners, for $10.5 billion. Williams would give 1.494 of its shares for each share of Williams Partners, with the offer representing a premium of 6.4 percent based on Wednesday’s closing price. The company said the deal will immediately add to cash available to dividends extending the period…

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