June 2014, Vol. 241, No. 6

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Williams Increases Share of Access Midstream By $6 Billion

Williams announced June 15 that the company will acquire all of its joint venture Access Midstream Partners’ general partnership and bring its share in the limited partnership to 50%, a deal valued at $6 billion overall. The company said the decision would accelerate the transformation of Williams to a pure-play general partnership holding company. It plans to merge the Access Midstream LP with Williams Partners LP. The other 50% of Access Midstream’s LP shares are owned by public unitholders, according to the announcement. In a public release, the company called out the importance of size to its business strategy. It listed a goal to increase competitive advantage

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