Williams Partners and Williams Pipeline Partners Complete Merger

 

Williams Partners L.P. (WPZ) and Williams Pipeline Partners L.P. (WMZ) announced on August 31 that the proposed merger between the two MLPs had been approved by WMZ's unitholders and that the merger had been completed. The merger became effective following the special meeting of WMZ unitholders at which it was appproved.

As a result, each WMZ unitholder will receive 0.7584 WPZ common units for each WMZ unit owned at the effective time of the merger. All WMZ common and subordinated units have been extinguished; WMZ units have been delisted and will no longer be publicly traded. Williams Pipeline Partners has become indirectly wholly owned by Williams Partners.

To view the full press release, click here.