May 17, 2018 / 10:01 AM / 5 days ago

Williams to buy rest of Williams Partners in $10.5 bln deal

May 17 (Reuters) - Pipeline operator Williams Cos said on Thursday it will buy all outstanding shares of its master limited partnership William Partners LP for $10.5 billion.

The offer represents a premium of 6.4 percent based on Wednesday’s closing price, the company said.

Tulsa, Okla-based Williams owns about 74 percent of Williams Partners LP. (Reporting by Akshara P in Bengaluru; Editing by Gopakumar Warrier)

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