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Williams To Be Spun Off From Parent

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TULSA, Okla., April 3 – In a move that will allow Williams Communications to strengthen its market position as a broadband network services provider, the company will be spun off by parent company Williams. The board of directors of Williams announced plans to distribute approximately 400 million shares, or about 95 percent of the Williams Communications common stock it currently owns, to holders of Williams common shares as a tax-free dividend. "Williams Communications accelerated its financial performance during its first full year as a publicly held company, driven by year-over-year growth...Read full article

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    Published: April 2001
    CommunicationsNews & Features

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