Williams’s Unsolicited Proposal

On June 21, 2015, Williams announced that its Board of Directors has authorized a process to explore a range of strategic alternatives following receipt of an unsolicited proposal to acquire Williams in an all‑equity transaction at a stated per share price of $64.00. The Williams Board carefully considered the unsolicited proposal and determined that it significantly undervalues Williams and would not deliver value commensurate with what Williams expects to achieve on a stand‑alone basis. Cravath is representing Williams in connection with this matter.

The Cravath team is being led by partners Richard Hall and Minh Van Ngo on M&A matters.