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Williams has completed the previously announced acquisition of the 50% general partner interest and 55.1 million limited partner units in Access Midstream Partners LP previously held by Global Infrastructure Partners II for $5.995 billion in cash (see Daily GPIJune 16). Williams now owns 100% of the general partner and about 50% of the limited partner units in Access Midstream Partners. As previously announced, Williams is proposing the merger of Williams Partners LP with and into Access Midstream Partners in a unit-for-unit exchange at a ratio of 0.85 Access Midstream Partners units per Williams Partners unit. The merged master limited partnerships would be named Williams Partners LP.

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