Seeking Alpha

Williams to pay $6B for controlling stake in Access Midstream Partners

  • 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.
Comments (1)
  • artiste
    , contributor
    Comment (1) | Send Message
     
    I own ACMP. Will I get Williams stock after merger?
    16 Jun 2014, 06:48 PM Reply Like
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