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Williams closes $10.5B deal to roll up its master limited partnership

Williams Cos. Inc. completed its merger deal with its master limited partnership Williams Partners LP, which included a $10.49 billion share registration.

Following the merger's completion, Williams Partners common units will cease trading on the New York Stock Exchange after market close Aug. 10. Williams acquired all outstanding common units of the MLP as part of the deal, according to an Aug. 10 news release.

Shareholders of Williams in an Aug. 9 special shareholder meeting approved the share registration and an amendment to the company's certificate of incorporation, increasing the number of authorized shares of its common stock. Williams announced in May that it intended to roll up its MLP.