What was the main event reported in this 8-K filing?

The main event reported is the completion of the sale of Williams' three straddle plants in Western Canada to Inter Pipeline Fund for approximately $536 million USD.

When will investors be able to hear about Williams' Q2 2004 financial performance?

Williams is scheduled to report its second-quarter 2004 financial results before the market opens on August 5, 2004. Management will discuss these results during a webcast on the same day.

What is the significance of the straddle plant sale?

The sale of these assets for a substantial cash amount (over half a billion USD) suggests a strategic move by Williams to divest certain operations. Investors should monitor how these proceeds are utilized and the impact on the company's overall financial strategy and debt levels.

Where can I find more details about these announcements?

A press release dated July 28, 2004, which contains the details of the asset sale and the Q2 earnings release announcement, is attached as Exhibit 99.1 to this Form 8-K filing.

WMB 8-K SEC Disclosure — Jul 29, 2004

Summary

Williams Companies, Inc. (WMB) filed an 8-K on July 29, 2004, primarily to disclose the completion of a significant asset sale and to announce its upcoming second-quarter 2004 earnings release date. The company has sold three straddle plants in Western Canada to Inter Pipeline Fund for approximately $536 million USD in cash, subject to closing adjustments. This transaction represents a strategic divestiture, and the proceeds will likely impact the company's financial position.

Key Highlights

1Completed sale of three straddle plants in Western Canada to Inter Pipeline Fund.
2Transaction value: approximately $536 million USD in cash (CAD $715 million), subject to adjustments.
3Announced scheduled release of second-quarter 2004 financial results for August 5, 2004.
4Management will host an analyst presentation and webcast on August 5, 2004, at 10 a.m. Eastern to discuss Q2 results.
5The filing incorporates by reference a press release dated July 28, 2004, detailing these announcements.

WILLIAMS COMPANIES, INC. 8-K Report (Jul 29, 2004)

Summary

Key Highlights

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