Over the last two weeks, Williams Companies, Inc. (NYSE:WMB) and its affiliates have been very active in the strategic transaction market. Two weeks ago, as part of Chesapeake Energy's (NYSE:CHK) agreement to sell the bulk of its Chesapeake Midstream Development (CMD) business to Access Midstream Partners, (NYSE:ACMP), WMB partnered with ACMP's general partner, Global Infrastructure Partners (GIP) to finance this transaction. And last week, Caiman Energy II, a JV which was 47.5% owned by WMB subsidiary Williams Partners (NYSE:WPZ), formed Blue Racer, a 50/50 joint venture with Dominion Resources, Inc. (NYSE:D), to provide midstream services in the emerging Utica shale.
As we know, WMB is one of the largest...
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