May 17, 2018 / 10:05 AM / 5 months ago

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

(Reuters) - Pipeline operator Williams Cos (WMB.N) said on Thursday it will buy all outstanding shares of its master limited partnership William Partners LP WPZ.N 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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