NYSE
WPZ

Williams Partners L.P.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Williams Partners L.P. (NYSE: WPZ) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Williams Partners L.P. (“Williams Partners” or the “Company”) (NYSE: WPZ) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by The Williams Companies, Inc. (“Williams Companies”) (NYSE: WMB), in a transaction valued at approximately $13.8 billion.

Under the terms of the agreement, shareholders of Williams Partners will receive 1.115 shares of Williams Companies for each share of Williams Partners common stock owned.  Based on Williams Companies’ closing price on May 12, 2015, Williams Partners shareholders would have received compensation valued at approximately $55.86 per share.

The investigation concerns whether Williams Partners’ board of directors failed to adequately shop the Company and obtain the best possible value for Williams Partners’ shareholders before entering into an agreement with Williams Companies.  According to Yahoo! Finance, at least one analyst has issued a price target for Williams Partners stock at $66.00 per share.

If you own the common stock of Williams Partners and purchased your shares before May 13, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.