Williams Partners L.P. Unitholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by The Williams Companies, Inc.
May 13, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of Williams Partners L.P. (“Williams Partners” or the “Company”) (NYSE: WPZ) breached its fiduciary duty to its unitholders in agreeing to sell Williams Partners to The Williams Companies, Inc. (“Williams”).
Under the terms of the agreement, Williams will acquire all of the public outstanding common units of Williams Partners in an all stock-for-unit transaction at a 1.115 ratio of Williams common shares per unit of Williams Partners they own. The investigation is focused on the potential unfairness of the price to Williams Partners unitholders and the process by which the Williams Partners Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs’ firms in the country.