Summary
The Williams Companies, Inc. (WMB) filed an 8-K report on April 21, 2003, disclosing a significant divestiture. The company has agreed to sell its indirect 54.6% ownership interest in Williams Energy Partners L.P. (WEG) to a newly formed entity, WEG Acquisitions, L.P. This entity is jointly owned by Madison Dearborn Partners, LLC and Carlyle/Riverstone Global Energy and Power Fund II, L.P. The definitive purchase agreement and related agreements are attached as exhibits to this filing, providing investors with transparency into the transaction terms.
Key Highlights
- 1Williams Companies (WMB) agrees to sell its 54.6% stake in Williams Energy Partners L.P. (WEG).
- 2The buyer is a newly formed entity, WEG Acquisitions, L.P., a joint venture between Madison Dearborn Partners and Carlyle/Riverstone.
- 3The transaction involves the sale of an indirect ownership interest.
- 4Definitive purchase agreement is attached as Exhibit 99.1.
- 5A new omnibus agreement outlining certain benefits for WEG is attached as Exhibit 99.2.
- 6The press release announcing these matters is furnished as Exhibit 99.3, adhering to Regulation FD disclosure requirements.