Top
Market News
This form does not yet contain any fields.
    « Bond Manager Recognized for Excellence. | Main | Boomers are targeted for investment fraud. »
    Tuesday
    Jan032012

    Williams Companies (WMB) spins off E&P unit.

    DateTuesday, January 3, 2012 at 4:23PM

    Many of you may now be seeing a new ticker symbol on your statements.  Williams Company recently spun off their exploration and production unit (E&P) into its own publicly traded company.  Owners of WMB were given 1 share of WPX for every 3 shares of WMB that were owned.  This spin off is non-taxable.  Todays share price of WMB was down reflecting the spin off of WPX.  The new CEO of WPX Energy Inc., Raplh Hill, was interviewed about the recent spin off.  

    CommentPost a Comment |

    PrintView Printer Friendly Version

    EmailEmail Article to Friend

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.

    PostPost a New Comment

    Enter your information below to add a new comment.

    My response is on my own website »
    Author Email (optional):
    Author URL (optional):
    Post:
     
    Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

    Notify me of follow-up comments via email.