What will WPZ Public Unitholders be entitled to receive in the Merger?

Will Williams or Williams Partners file Form 8937, Report of Organizational Actions Affecting Basis of Securities, as a result of this transaction?

Each WPZ Public Unitholder will be entitled to receive Williams Common Stock in exchange for such holder’s WPZ Public Units at the Exchange Ratio (1.494 shares of Williams Common Stock for each one WPZ Common Unit). If the Exchange Ratio would result in a WPZ Public Unitholder being entitled to receive a fractional share of Williams Common Stock, such holder will receive cash (payable in U.S.

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