San Diego, CA -- (SBWIRE) -- 11/04/2014 -- An investigation on behalf of investors, who currently hold shares of Williams Partners L.P. (NYSE:WPZ), was announced concerning whether the takeover of Williams Partners L.P. is unfair to NYSE:WPZ stockholders.

Investors who purchased shares of Williams Partners L.P. (NYSE:WPZ) and currently hold any of those NYSE:WPZ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Williams Partners L.P. breached their fiduciary duties owed to NYSE:WPZ investors in connection with the proposed acquisition.

On October 26, 2014, Williams (NYSE: WMB), Williams Partners L.P. (NYSE:WPZ), and Access Midstream Partners, L.P. (NYSE: ACMP) announced that Williams Partners and Access Midstream Partners have entered into a merger agreement. Williams owns controlling interests in the two master limited partnerships (MLP). Under the terms of the merger agreement, Williams Partners L.P. (NYSE:WPZ) will merge with a subsidiary of Access Midstream Partners, L.P. (NYSE: ACMP) in a unit-for-unit exchange at a ratio of 0.86672 Access Midstream Partners, L.P. (NYSE: ACMP) common units per Williams Partners L.P. (NYSE:WPZ) common unit held by the Williams Partners L.P. (NYSE:WPZ) public unitholders. Based on a closing price of $60.83 per share of Access Midstream Partners, L.P. (NYSE: ACMP ) unit on October 24, 2014 shareholder of Williams Partners L.P. (NYSE:WPZ) will receive a value of approximately $52.72 per NYSE:WPZ.

However, given that at least one analyst has set the high target price for NYSE:WPZ shares at $66.00 per share and that NYSE:WPZ shares traded as recently as September 10, 2014 as high as $55.12 per share in the open market, the investigation concerns whether the offer is unfair to NYSE:WPZ stockholders.

In addition, given that a subsidiary of Williams, Williams Gas Pipeline Company LLC, which owns a sufficient number of NYSE:WPZ common units to approve the merger on behalf of all NYSE:WPZ unitholders, has already executed a support agreement in which it has irrevocably agreed to consent to the merger, the investigation concerns whether the Williams Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Williams Partners L.P. (NYSE:WPZ) closed on October 31, 2014, at $51.55 per share.

Those who are current investors in Williams Partners L.P. (NYSE:WPZ) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com