Williams completes acquisition of interest in Access Midstream Williams (WMB) said it completed the previously announced acquisition of the 50% general partner interest and 55.1M limited partner units in Access Midstream Partners (ACMP). Williams now owns 100% of the general partner and approximately 50% of the limited partner units in Access Midstream Partners. As previously announced, Williams is proposing the merger of Williams Partners L.P. (WPZ) with and into Access Midstream Partners. Assuming the merger is completed in 2014, the merged MLP is expected to have a 2015 distribution increase of at least 25% above Access Midstream Partnersí current guidance of $2.79 per unit, which represents an increase of more than 40% above current 2014 distribution guidance. The merged partnership is expected to have a growth rate of 10%-12% annually through 2017. Distribution coverage is estimated to be approximately 1.2x in 2015 and at or above 1.1x through 2017. Williams previously announced plans to increase its Q3 dividend 32% to 56c, or $2.24 on an annualized basis.