What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to publicly announce a material transaction: Williams Partners L.P. has agreed to acquire the remaining 74.9% of Williams Four Corners LLC from its parent company, The Williams Companies, Inc., for $1.223 billion.

When is this transaction expected to be completed?

The transaction is expected to be completed in the fourth quarter of 2006, subject to the satisfaction of various conditions including regulatory approvals and the Partnership's ability to secure necessary financing.

What are the implications of this transaction for The Williams Companies, Inc. and Williams Partners L.P.?

For The Williams Companies, Inc., this represents a significant divestiture of an asset. For Williams Partners L.P., it signifies a substantial acquisition and expansion of its ownership in Williams Four Corners LLC. Investors should consider how this asset sale impacts the overall structure and future strategy of both entities.

Are there any risks associated with this announcement?

Yes, the filing explicitly states that forward-looking statements are included and are subject to various risks and uncertainties. Investors are strongly advised to review the detailed risk factors and disclosures in Williams Companies, Inc.'s previously filed Form 10-K (March 9, 2006) and Form 10-Q reports.

WMB 8-K: Regulation FD — Nov 16, 2006

Summary

This 8-K filing from The Williams Companies, Inc. (WMB) on November 16, 2006, primarily announces a significant transaction involving its subsidiary, Williams Partners L.P. The Partnership has agreed to acquire the remaining 74.9% interest in Williams Four Corners LLC from The Williams Companies, Inc. for approximately $1.223 billion. This move represents a substantial divestiture by the parent company and an expansion for the Partnership, which is expected to be completed in the fourth quarter of 2006, pending regulatory approvals and financing. Investors should note that the filing includes forward-looking statements, and the company urges a review of its previously filed 10-K and 10-Q reports for detailed risk factors and disclosures.

Key Highlights

1Williams Partners L.P. to acquire the remaining 74.9% interest in Williams Four Corners LLC from The Williams Companies, Inc.
2Transaction value is approximately $1.223 billion.
3The acquisition is expected to close in the fourth quarter of 2006.
4Closing is contingent upon regulatory approvals, financing, and other customary conditions.
5This filing is made under Regulation FD Disclosure (Item 7.01).
6The company provides a detailed disclaimer regarding forward-looking statements and their inherent risks.
7Investors are directed to WMB's prior 10-K and 10-Q filings for comprehensive risk disclosures.

WILLIAMS COMPANIES, INC. 8-K Report, Regulation FD Disclosure (Nov 16, 2006)

Summary

Key Highlights

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