8-KRegulation FDExhibits & Filings

WILLIAMS COMPANIES, INC. 8-K Report, Regulation FD Disclosure (Dec 14, 2006)

Filed December 14, 2006For Securities:WMB

Summary

This Form 8-K filing by The Williams Companies, Inc. (WMB) on December 14, 2006, announces a significant transaction involving its master limited partnership, Williams Partners L.P. Specifically, Williams Partners L.P. has completed the acquisition of the remaining 74.9% interest in Williams Four Corners LLC from its parent, The Williams Companies, Inc., for $1.223 billion. This transaction consolidates full ownership of Williams Four Corners LLC under the partnership. This acquisition is a material event for investors as it represents a substantial cash inflow for The Williams Companies, Inc. and a strategic move for Williams Partners L.P. to gain 100% control over the acquired entity's assets. Investors should pay close attention to the strategic rationale behind this transaction, the impact on the financial health and operational capabilities of both entities, and how this move aligns with their respective growth strategies in the energy infrastructure sector.

Key Highlights

  • 1Williams Partners L.P. acquired the remaining 74.9% interest in Williams Four Corners LLC from The Williams Companies, Inc.
  • 2The total acquisition price was $1.223 billion.
  • 3Following the transaction, Williams Partners L.P. now owns 100% of Williams Four Corners LLC.
  • 4The filing was made on December 14, 2006, with the event date being December 13, 2006.
  • 5This 8-K filing is primarily a Regulation FD disclosure, incorporating a press release announcing the transaction.
  • 6The report includes forward-looking statements and advises investors to review risk factors detailed in prior SEC filings.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose, under Regulation FD, the completion of Williams Partners L.P.'s acquisition of the remaining interest in Williams Four Corners LLC from its parent company, The Williams Companies, Inc., for $1.223 billion.

While the specific operational details of Williams Four Corners LLC are not provided in this 8-K, the acquisition by Williams Partners L.P. of full ownership suggests it is a strategic asset for the partnership. The transaction allows for consolidated control and potential synergies.

For The Williams Companies, Inc., the transaction represents a significant cash inflow of $1.223 billion. For Williams Partners L.P., it involves a substantial investment to gain full control of Williams Four Corners LLC, which is expected to be accretive to its operations or financial performance.

The filing advises investors to review the risk factors and disclosures in Williams Companies' annual report on Form 10-K filed on March 9, 2006, and their quarterly reports on Form 10-Q. Additional information may also be available on their website, www.williams.com.