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Non-Tech : Williams Companies, Inc. (WMB)
WMB 59.04+2.0%Nov 3 3:59 PM EST

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To: Clay Enos who wrote ()4/19/1999 10:23:00 AM
From: Jim Barker  Read Replies (3) of 271
 
To all

Response I received from the company regarding the IPO.

Only a minority of the shares of WCG will be offered to the public - the
majority of the shares will continue to be held by The Williams Companies
(WMB). While WMB shareholders will not be given preferential rights to buy
shares at the public offering price, it is anticipated that we can add value
for our shareholders by creating additional tools to use in the capital
markets as we aggressively grow our communications and energy businesses. A
separate public stock should improve the market's efficiency in valuing our
communications business, and also provide a currency that can facilitate
certain types of acquisitions.

Richard George
Director, Investor Relations
Williams
(918)573-3679
(918)573-6714 (fax)
rgeorge@fin.twc.com

Jim
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