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Williams to consider alternatives to boost shareholder value
By Lisa Kerner
Charlotte, N.C., Nov. 6 - Williams Cos., Inc. said its management and board of directors are evaluating "a variety of structural changes" in order to enhance shareholder value.
Potential changes include the separation of one or more of Williams' principal business units, according to a company news release.
Williams expects to announce the outcome of its evaluation in the first quarter of 2009.
"While Williams' operating results and liquidity continue to be strong and we've created significant value for shareholders, including a 128% three-year return through 2007, the market is not recognizing the value of the company," chairman, president and chief executive officer Steve Malcolm said in the release. "We believe we can do more to deliver value in the future."
Williams, through its subsidiaries, finds, produces, gathers, processes and transports natural gas. The company is based in Tulsa, Okla.
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