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Williams (WMB +2.9%) and 72%-owned Williams Partners (WPZ -2.3%) head in opposite directions...
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Tuesday, March 20, 2012, 2:05 PM ETWilliams (WMB +2.9%) and 72%-owned Williams Partners (WPZ -2.3%) head in opposite directions after the latter agrees to acquire Caiman Eastern Midstream for $2.5B with the help of a $1B investment from the former, and both companies announce dividend hikes (I, II). Wells Fargo praises the deal for strengthing Williams' footprint in the Marcellus Shale. Meanwhile, Williams says it's still on the lookout for acquisition targets.
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