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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (1971)5/18/2003 9:19:33 PM
From: EGGSHAPE  Read Replies (1) | Respond to of 23958
 
Finally made it home.... managed to look again at WMB... what do you guys think of adding at Monday open? It just might have the legs to break through the double digit by the end of the week???? 'shape
PS....news is;
WMB The Williams Companies, Inc. (NYSE) 5/16/2003 12:00:00 AM ET

Realtime Quote $8.30 + $0.11 (+1.34%) Refresh Quote



Press Release for The Williams Companies, Inc.


Williams Completes $1.045 Billion Transaction
5/16/2003 3:31:00 PM
TULSA, Okla., May 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- Williams (WMB) announced today that it has completed the sale of its Texas Gas Transmission pipeline to a subsidiary of Loews Corporation (LTR) for approximately $1.045 billion, which includes approximately $795 million in cash and $250 million in existing Texas Gas debt.

Following the sale, Williams' subsidiaries now wholly own and operate approximately 14,000 miles of interstate natural gas transmission pipeline, comprised of the Transco and Northwest Pipeline systems.

The company also owns a 50-percent interest in the 581-mile Gulfstream pipeline. Overall, Williams now transports approximately 12 percent of the natural gas consumed in the United States.