Williams Completes Sale of Canadian Assets for $1B

soldIn August, Williams announced a deal to sell its Canadian businesses and assets to Inter Pipeline for $1 billion (see Bold Move – Williams Selling Canadian Assets for $1B). Williams CEO Alan Armstrong has been under extreme pressure to step down following the aborted attempt by Energy Transfer Equity to buy his company. Armstrong wants to stick around and selling off the Canadian assets was his first big, bold move since the palace coup against him failed. Armstrong says the Canadian asset sale will help fund major capital projects in the second half of 2016. Good news: the deal is now done and Williams is $1B richer…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.