A lawsuit was filed on behalf of investors in Williams Companies Inc (NYSE:WMB) in connection with the proposed takeover and NYSE:WMB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/15/2015 -- An investor shares of Williams Companies Inc (NYSE:WMB) filed a lawsuit against directors of Williams Companies Inc in connection with the rejected takeover offer of Williams Companies Inc.
Investors who purchased shares of Williams Companies Inc (NYSE:WMB) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties by rejecting the offer by Energy Equity Transfer LP to acquire Williams Companies Inc and not negotiating a higher value for NYSE:WMB investors.
On May 13, 2015 Williams (NYSE: WMB) and Williams Partners L.P. (NYSE:WPZ) announced an agreement under which Williams will acquire all of the public outstanding common units of Williams Partners in an all stock-for-unit transaction at a 1.115 ratio of Williams common shares per unit of Williams Partners. Based on a closing price of $50.10 per NYSE:WMB share on May 12, 2015, shareholders of Williams Partners L.P. (NYSE:WPZ) will receive a value of approximately $55.86 per NYSE:WPZ unit they own.
On June 21, 2015 Williams (NYSE: WMB) announced that its Board of Directors has authorized a process to explore a range of strategic alternatives following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64.00.
Those who purchased shares of Williams Companies Inc (NYSE:WMB), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego