New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 11, 2012
18:34 EDTWMB, ACMP, CHKWilliams to buy $2.4B ACMP stake, ACMP acquires $2.16B in Chesapeake assets
Williams (WMB) has agreed to purchase from Access Midstream Partners (ACMP), a 50% interest in the privately held Access GP, and 34.5M limited partnership units of Access Midstream and will now hold a 25% interest in Access Midstream. Williams will pay $2.4B for the purchase and is planning to offer 46.5M units of common stock to fund the transaction. Separately, Access Midstream has agreed to acquire $2.16B in midstream assets from Chesapeake Energy's (CHK) midstream arm. Access and Chesapeake have also entered an agreement that gives Access exclusive access to Chesapeake's assets in the Mid-Continent region, which Chesapeake plans to sell by the end of 1Q13. Following the transactions, shares of Williams are trading down 3.6%, while shares of Access and Chesapeake are both up 1.4% respectively.
News For WMB;ACMP;CHK From The Last 14 Days
Check below for free stories on WMB;ACMP;CHK the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 9, 2014
09:36 EDTCHKActive equity options trading on open
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use