8-KOther Events

WILLIAMS COMPANIES, INC. 8-K Report (Aug 2, 2001)

Filed August 2, 2001For Securities:WMB

Summary

The Williams Companies, Inc. (WMB) filed an 8-K on August 2, 2001, to report the successful completion of its acquisition of Barrett Resources Corporation. This strategic move was executed through a two-step transaction involving a cash tender offer followed by a merger, effectively making Barrett Resources a wholly-owned subsidiary of Williams. The acquisition significantly expands Williams' operations, as evidenced by the exchange ratio where Barrett Resources shareholders received 1.767 shares of Williams' common stock for each Barrett share in the second step of the merger. This filing serves as official notification of the completed transaction and includes a joint press release detailing the event.

Key Highlights

  • 1Williams Companies, Inc. has completed its acquisition of Barrett Resources Corporation, as of August 2, 2001.
  • 2The acquisition was structured as a two-step transaction: a cash tender offer followed by a merger.
  • 3Barrett Resources is now a wholly-owned subsidiary of Williams.
  • 4Barrett Resources stockholders received 1.767 shares of Williams' common stock for each Barrett share in the merger.
  • 5The merger was approved by Barrett Resources' stockholders and has been officially filed with the Secretary of State of Delaware.
  • 6A joint press release from Williams and Barrett Resources, dated August 2, 2001, is attached as an exhibit, providing further details on the transaction.

Frequently Asked Questions

This 8-K filing officially announces and confirms the completion of The Williams Companies, Inc.'s acquisition of Barrett Resources Corporation.

Williams acquired Barrett Resources through a two-step process. First, a cash tender offer was made for approximately 50% of Barrett Resources' shares. This was followed by a merger where Barrett Resources was absorbed into a Williams subsidiary, with Barrett shareholders receiving Williams' common stock for their shares.

In the merger, Barrett Resources shareholders who did not participate in the tender offer received 1.767 shares of Williams' common stock for each share of Barrett Resources common stock they held.

The acquisition was finalized on August 2, 2001, following the approval of Barrett Resources' stockholders and the filing of the certificate of merger with the Secretary of State of Delaware.