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Stock Market & Financial Investment News

News Breaks
June 15, 2014
19:12 EDTACMP, WPZ, WMBAccess Midstream confirms Williams announcement of planned acquisition
Access Midstream Partners (ACMP) confirmed that Williams Companies (WMB) announced it had entered into an agreement to acquire all of the interests in both Access Midstream Partners and the Partnershipís general partner, Access Midstream Partners GP, currently owned by Global Infrastructure Partners II .GIP. If this transaction is completed, Williams will own and control the Partnershipís general partner and GIP will no longer have any ownership interest in the Partnership or its general partner. Williams also announced a proposal regarding a possible merger transaction involving the Partnership and Williams Partners (WPZ). The board of directors of the Partnershipís general partner will carefully consider any such proposal with its advisors and, if appropriate, may authorize the conflicts committee of the board to consider such proposal.
News For ACMP;WMB;WPZ From The Last 14 Days
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April 24, 2015
18:03 EDTWPZWilliams Partners Geismar plant consistently producing ethylene
Williams Partners announced its Geismar, La. olefins plant resumed consistent operations in late March and is expected to produce ethylene at the base plantís production rate through May. The process to achieve its full expanded production rate will be ongoing through June. The expanded plant was ramping up when a new transformer that supplied power to a plant expansion compressor unexpectedly failed. The transformer is being repaired at the original manufacturerís facility. The plant continues to improve production rates due to the ability to use equipment installed as part of the plantís expansion. The plantís expanded production rate is expected to be reached shortly after the repaired transformer is re-installed. Base ethylene production capacity at the plant is 1.35B pounds per year and the expanded capacity is 1.95B pounds per year. Williams Partnersí share of the total capacity of the expanded plant is approximately 1.7B pounds per year. The partnership will provide an update on the status of the plantís operations during a scheduled April 30 investor conference call.

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