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Williams Agrees to Buy Momentum Midstream for up to $5.5 Billion

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Williams Agrees to Buy Momentum Midstream for up to $5.5 Billion Williams Cos. reached a deal to buy Momentum Midstream LLC from the private equity firm EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network along the US Gulf Coast. Williams will pay $3.5 billion in cash and debt consideration and about $2 billion in stock for the company, according to a statement Monday.

Williams Agrees to Buy Momentum Midstream for up to $5.5 Billion Williams Cos. reached a deal to buy Momentum Midstream LLC from the private equity firm EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network along the US Gulf Coast. Williams will pay $3.5 billion in cash and debt consideration and about $2 billion in stock for the company, according to a statement Monday.
Williams (PERSON) Buy Momentum Midstream (ORG) Momentum Midstream LLC (ORG) EnCap Flatrock Midstream (PERSON) the US Gulf Coast (LOCATION)
Originally published by Bloomberg Markets Read original →