Printer Friendly

PUBLIC OFFERING OF WILLIAMS COMPANIES' PREFERRED STOCK ANNOUNCED

PUBLIC OFFERING OF WILLIAMS COMPANIES' PREFERRED STOCK ANNOUNCED
 TULSA, Okla., Aug. 28 /PRNewswire/ -- Morgan Stanley & Company Inc. today announced the public offering of 4 million shares of cumulative preferred stock of The Williams Companies Inc. (NYSE: WMB) at $25 per share. The aggregate value of the offering is $100 million.
 Holders of these shares are to receive an annual cash dividend of $2.21 per share, payable in quarterly installments on March 1, June 1, Sept. 1 and Dec. 1. These payments will begin on Dec. 1, 1992.
 Williams has the option of redeeming the preferred stock in whole or in part on or after Sept. 1, 1997, for $25 per share, plus unpaid dividends accrued up to the redemption date.
 The offering is being made by Morgan Stanley & Company Inc. and Smith Barney, Harris Upham & Company Inc.
 The net proceeds from this offering will be used for general corporate purposes, including funding Williams' capital program.
 The Williams Companies, listed on the New York and Pacific stock exchanges under the symbol WMB, provides pipeline transportation of natural gas and petroleum products and nationwide digital telecommunications.
 -0- 8/28/92
 /CONTACT: Jim Gipson of The Williams Companies, 918-588-2111/
 (WMB) CO: The Williams Companies Inc. ST: Oklahoma IN: OIL SU: OFR


JB -- SF004 -- 4320 08/28/92 11:03 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 28, 1992
Words:218
Previous Article:STERLING TO ADOPT HOLDING COMPANY STRUCTURE
Next Article:FINAST JOINS THREE DAY HURRICANE RELIEF EFFORT
Topics:


Related Articles
WILLIAMS COMPANIES CITING IMPROVING PERFORMANCE, INCREASES DIVIDEND
THE WILLIAMS COMPANIES INC. DECLARES SECOND-QUARTER DIVIDEND
WILLIAMS COMPANIES FILES PREFERRED-STOCK SHELF REGISTRATION WITH THE SEC
DIVIDEND DECLARED ON WILLIAMS COMPANIES' $2.21 CUMULATIVE PREFERRED STOCK
THE WILLIAMS COMPANIES DECLARES FIRST-QUARTER DIVIDENDS
REDEMPTION OF WILLIAMS' CONVERTIBLE EXCHANGEABLE PREFERRED STOCK APPROVED
THE WILLIAMS COMPANIES, INC. DECLARES FIRST-QUARTER DIVIDENDS
TGPL TO REDEEM PREFERRED STOCK
TRANSCO DECLARES PRO RATA PREFERRED DIVIDEND
WILLIAMS FILES TO EXCHANGE ITS $3.50 CUMULATIVE CONVERTIBLE PREFERRED STOCK

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters