Earlier today, The Williams Companies, Inc. (NYSE: WMB), Williams Partners L.P. (NYSE: WPZ) and Access Midstream Partners, L.P. (NYSE: ACMP) announced that Williams Partners and Access Midstream Partners have entered into a merger agreement to combine the two master limited partnerships in a transaction valued at approximately $50 billion. The merger would create a premier large-cap MLP with expected 2015 adjusted EBITDA of approximately $5 billion and expected 10% to 12% annual distribution growth through the 2017 guidance period.
Baker Botts represented the Conflicts Committee of Williams Partners.
Baker Botts Lawyers/Office Involved:
— Corporate: Josh Davidson (Partner, Houston); Tull Florey (Partner, Houston); Travis Wofford (Associate, Houston); Alyssia Bernazal (Associate, Austin); Jennifer Wu (Associate, Austin); Sarah McDermand (Associate, Houston)
— Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston)
— Litigation: David Sterling (Partner, Houston); Bill Kroger (Partner, Houston); Danny David (Partner, Houston)
