Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Williams Partners L.P. (NYSE: WPZ) to Williams (NYSE: WMB). Under the terms of the transaction, Williams Partners shareholders will receive 1.494 common shares of Williams for each Williams Partners public unit they own. The transaction is valued at $10.5 billion.
The investigation concerns whether the Board of Williams Partners breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Williams is underpaying for Williams Partners shares, thus unlawfully harming Williams Partners shareholders.
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