Williams also announced that it expects to purchase newly issued common units of Williams Partners in a private placement.
The IDR waiver and the unit private placement were evaluated, negotiated and approved on behalf of Williams Partners by the Conflicts Committee of Williams Partners, comprised solely of independent directors, and by the board of directors of the general partner of Williams Partners, and on behalf of Williams by the board of directors of Williams.
Baker Botts represented the Conflicts Committee of Williams Partners in the transactions.
Baker Botts Lawyers/Office Involved:
Corporate: Josh Davidson (Partner, Houston); Tull Florey (Partner, Houston); Travis Wofford (Senior Associate, Houston); Jennifer Wu (Associate, Austin); Stephen Noh (Associate, Houston)
Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston)
For more information, please see Williams Partners L.P.'s news release.
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