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WILLIAMS COMPANIES ANNOUNCES COMMON STOCK OFFERING

 WILLIAMS COMPANIES ANNOUNCES COMMON STOCK OFFERING
 TULSA, Okla., March 11 /PRNewswire/ -- The Williams Companies Inc. (NYSE: WMB) announced today the public offering of 3,500,000 shares of its common stock in the United States and internationally for $34.625 per share, an aggregate value of approximately $121 million.
 Lehman Brothers, The First Boston Corporation, Morgan Stanley & Co. Inc. and Salomon Brothers Inc. are managing the 2,800,000-share U.S. portion of the offering. Lehman Brothers International, Credit Suisse First Boston Limited, Morgan Stanley International and Salomon Brothers International Limited are managing the international portion of the offering comprising 700,000 shares.
 Williams also has granted the underwriters an option to purchase up to 400,000 additional shares on the same terms and conditions to cover over-allotments, if any. The offering is scheduled to close March 17.
 The net proceeds from the sale of stock will be used for general corporate purposes, including funding the company's 1992 capital budget.
 Company officials have said the sale of the stock will broaden Williams' equity base and increase its financial flexibility.
 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- 3/11/92
 /CONTACT: Jim Gipson of the Williams Companies, 918-588-2111
 (WMB) CO: The Williams Companies ST: Oklahoma IN: OIL SU: OFR


JL -- SF006 -- 7274 03/11/92 10:56 EST
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Publication:PR Newswire
Date:Mar 11, 1992
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