Williams Companies' stock jumps after $10.5 billion deal to buy Williams Partners common shares [MarketWatch]
Williams Companies, Inc. (The) (WMB)
Last williams companies, inc. (the) earnings: 2/19 04:15 pm
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Source: MarketWatch
Williams Companies' stock jumps after $10.5 billion deal to buy Williams Partners common shares Shares of Williams Companies WMB, +0.40% shot up 5.8% in premarket trade Thursday, after the natural gas infrastructure company announced a deal to buy the outstanding common shares of Williams Partners LP WPZ, +2.21% in a deal valued at $10.5 billion. Under terms of the deal, Williams will exchange 1.494 of its shares for each Williams Partners share. Based on Wednesday's stock closing prices, that values Williams Partners shares at $40.89 each, or a 6.4% premium. Williams said the deal will immediately add to cash available for dividends, retain significant distributable cash flow coverage, extends the period for which Williams is not expected to be a cash taxpayer through 2024 and provides modest savings. It will also give Williams Partners an investment grade profile. Williams Partners shares were still inactive in premarket trade. Williams stock has dropped 10.2% year to date thr
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News
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- Williams to Volunteer at nearly 100 Community Projects Across 17 StatesBusiness Wire
- The Williams Companies, Inc. (NYSE: WMB) had its "underperform" rating re-affirmed by analysts at Wolfe Research. They now have a $34.00 price target on the stock.MarketBeat
- Institutional owners may ignore The Williams Companies, Inc.'s (NYSE:WMB) recent US$1.9b market cap decline as longer-term profits stay in the green [Yahoo! Finance]Yahoo! Finance
- Williams to Report First-Quarter 2024 Financial Results on May 6; Earnings Conference Call and Webcast Scheduled for May 7Business Wire
WMB
Earnings
- 2/14/24 - Beat
WMB
Sec Filings
- 4/11/24 - Form DEFA14A
- 3/20/24 - Form DEFA14A
- 3/20/24 - Form ARS
- WMB's page on the SEC website