Williams Companies (WMB) has agreed to pay nearly $6B to acquire the 50% stake it does not already own in Access Midstream Partners (ACMP), from infrastructure fund manager Global Infrastructure Partners.
Another potential deal is being looked at - merging Williams Partners (WPZ) with Access Midstream Partners. If successful, it would form a close to $100B master limited partnership, one of the largest MLPs by enterprise value.
Williams also announced plans to increase its third-quarter dividend by 32%, to 56 cents per share. Dividend growth is estimated to grow 15% annually between 2014 and 2017.