🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

BRIEF-Williams Co, Williams Partners to sell Canadian businesses for C$1.35 bln

Published 2016-08-08, 05:16 p/m
© Reuters.  BRIEF-Williams Co, Williams Partners to sell Canadian businesses for C$1.35 bln
WMB
-

Aug 8 (Reuters) - Williams Companies Inc (NYSE:WMB) WMB.N

* Co and Williams Partners announced today they have agreed to sell companies' Canadian businesses to Inter Pipeline Ltd.

* After taking into account waiver Williams will receive net consideration of about $209 million USD

* Williams, Williams Partners agree to sell Canadian businesses for $1.35 billion CAD ($1.03 billion USD)

* After taking into account waiver, Williams Partners will receive net consideration of about $817 million USD

* Williams and Williams Partners plan to use cash proceeds from transaction to reduce borrowings on credit facilities

* Williams agreed to waive $150 million USD of incentive distribution rights in quarter following closing Source text for Eikon: ID:nBwbgftHna Further company coverage: WMB.N

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.