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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Williams Companies Inc | NYSE:WMB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.545 | -1.42% | 37.815 | 38.51 | 37.735 | 38.33 | 3,036,216 | 18:12:21 |
From May 2019 to May 2024
By Josh Beckerman
Williams Cos. (WMB) took measures to simplify its structure and reduce commodity exposure by consolidating to three operating areas from five.
By early 2017, the pipeline operator's three operating areas will be Atlantic-Gulf, West and Northeast Gathering & Processing. Currently, its five segments are West, NGL & Petchem Services, Atlantic-Gulf, Central and Northeast Gathering & Processing.
Financial reporting under the new structure is expected to take effect in early January, Williams said.
Activist investor Keith Meister said in late August that he planned to remove the entire Williams board. Several days later, Williams added three new independent directors.
A planned merger of Williams and Energy Transfer Equity that was initially worth $33 billion fell apart in June following a legal battle.
Williams shares rose one cent to $30.35 in after-hours trading.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 07, 2016 17:41 ET (21:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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