Williams Companies (WMB) and Williams Partners (WPZ) announced Tuesday morning that Williams plans to contribute its gas pipeline and domestic midstream businesses plus its limited- and general-partner interests in Williams Pipeline Partners (WMZ) into Williams Partners. The restructuring is valued at approximately $12 billion. Williams Companies gapped open sharply higher Tuesday, but traded in a range for the bulk of the session. Shares finished up by $1.73 at $23.10 on the highest volume in 11 months. Williams Partners gapped up and rose sharply in early trade Tuesday and took out the session highs going into the close. The stock finished up by $5.60 at $36.39 on the highest volume of the year.Williams Pipeline Partners gapped up and rose sharply early Tuesday and closed higher by $3.84 at $27.19 on the highest volume of the year. The stock surged to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.