Williams Partners (WPZ) -3.5% AH after announcing a new 9M share stock offering, good for...

|About: Williams Partners L.P. (WPZ)|By:, SA News Editor

Williams Partners (WPZ) -3.5% AH after announcing a new 9M share stock offering, good for proceeds of $506.7M based on today's close. Unsurprisingly, Williams will use part of the proceeds to fund its $2.5B purchase of Caiman Midstream. The news comes just a few days after parent company Williams (WMB) priced a 26M share offering, with plans to use the proceeds to help finance the Caiman deal.