UPDATE 1-Williams Partners says to offer 9.25 mln common units
(Adds details, share movement)
Dec 3 (Reuters) - Natural gas processor Williams Partners LP (WPZ.N: Cotización) said it plans to offer 9.25 million common units representing limited partner interests.
Williams Partners plans to use the net proceeds from the offering to fund a portion of its $750 million acquisition of certain ownership interests in Wamsutter LLC from Williams Cos Inc (WMB.N: Cotización).
Lehman Brothers Inc, Citigroup Global Markets Inc and Merrill Lynch & Co are the joint book-running managers for the offering, the company said in a statement.
The underwriters have been granted a 30-day option to buy up to an additional 1.39 million common units to cover allotments.
Shares of the company were up about 2 percent at $41.13 in late electronic trade, after closing at $40.30 on the New York Stock Exchange. (Reporting by Shamik Paul in Bangalore; Editing by Deepak Kannan)
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