8-KRegulation FD

WILLIAMS COMPANIES, INC. 8-K Report, Regulation FD Disclosure (Sep 4, 2007)

Filed September 4, 2007For Securities:WMB

Summary

The Williams Companies, Inc. (WMB) filed an 8-K on September 4, 2007, disclosing details about its ongoing stock repurchase program. The company repurchased approximately $226 million worth of its common shares in August 2007, acquiring nearly 7.2 million shares at an average price of $31.40. This activity is part of a larger authorization by the board of directors in July 2007 to repurchase up to $1 billion of its common stock. The stock repurchase program, which has no expiration date, is intended to be funded by existing cash reserves. Importantly, the company stated that these repurchases will be conducted in a manner that preserves its financial strength, allowing it to continue pursuing high-return investment opportunities. This communication is part of an investor presentation scheduled for September 5, 2007.

Key Highlights

  • 1Williams Companies repurchased approximately $226 million of its common stock in August 2007.
  • 2Nearly 7.2 million shares were acquired during August at an average price of $31.40 per share.
  • 3The August repurchases are part of a broader $1 billion stock repurchase authorization approved by the board in July 2007.
  • 4The stock repurchase program has no set expiration date.
  • 5Repurchases are to be funded by cash on hand.
  • 6The company emphasizes maintaining financial strength to pursue investment opportunities while executing the buyback program.

Frequently Asked Questions

This 8-K filing serves as a Regulation FD disclosure to inform investors about The Williams Companies' recent stock repurchase activity and to provide details regarding its ongoing stock repurchase program.

In August 2007, Williams Companies spent approximately $226 million to repurchase nearly 7.2 million shares of its common stock at an average price of $31.40 per share.

The company's board of directors authorized a stock repurchase program of up to $1 billion of its common stock.

The repurchases are to be funded with cash on hand. The company states that these transactions will be conducted in a manner that ensures it maintains the financial strength necessary to pursue high-return investment opportunities.