NEW YORK, May 17, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Williams Partners
L.P. ("WPZ" or the "Company") (NYSE: WPZ) in connection with the
proposed acquisition of the Company by The Williams Companies, Inc.
("WMB") (NYSE: WMB). On May 17,
2018, the Company announced a definitive agreement under
which WMB will acquire all outstanding units of WPZ in a
stock-for-unit transaction, offering WPZ unitholders 1.494 shares
of WMB in exchange for each unit of WPZ they own. This
represents consideration of $41.84
per WPZ unit, based on WMB's May 17
closing price of $28.01.
WeissLaw is investigating whether WPZ's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $51.00 per WPZ unit, or nearly $10.00 above the per-unit consideration.
Given these facts, WeissLaw is investigating whether WPZ's Board
acted in the best interests of WPZ's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own WPZ units and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/williams-partners-l-p/
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SOURCE WeissLaw LLP