Jefferies Downgrades Williams Companies (WMB) to Hold

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/2/2026

1. TSLA
2. SPY
3. META
4. STZ
5. GOOGL
6. FDS
7. AMZN
8. HOOD
9. NVDA
10. FUTU

Go back to Jefferies Downgrades Williams Companies (WMB) to Hold

Williams Cos. (WMB) Commences 65M Share Common Stock Offering

January 9, 2017 4:46 PM EST

Williams (NYSE: WMB) (Williams) today announced that it has commenced an underwritten public offering of 65 million shares of Williams common stock. The underwriters will be granted a 30-day option to purchase up to an additional 9.75 million shares of common stock.

Williams intends to use the net proceeds of the offering to purchase newly issued common units, representing limited... More

Williams (WMB), Williams Partners (WPZ) Reset Payouts as Part of Financial Repositioning

January 9, 2017 4:06 PM EST

Williams (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ) today announced an agreement to permanently waive payment obligations under the incentive distribution rights held by Williams and convert Williams economic general partner interest into a non-economic interest for 289 million newly issued Williams Partners common units (collectively, the IDR Waiver). The estimated transaction value is approximately $11.4 billion. Following the IDR Waiver, Williams will hold approximately 660 million Williams Partners common units, representing approximately 72% of the common units outstanding.

Williams also announced that it expects to purchase newly issued... More