Williams Signs Agreement to Sell Convenience Stores to Delek - The Israel Fuel Corporation Ltd.; Keeps Travel Center Operations

Apr 17, 2001, 01:00 ET from Williams

    TULSA, Okla., April 17 /PRNewswire/ -- Williams Express Inc., a business
 unit of Williams (NYSE:   WMB), announced today that it has signed an agreement
 to sell its 198 convenience stores to Delek - The Israel Fuel Corporation
 Ltd., a subsidiary of Delek Group, for a base purchase price of $147 million
 plus additional amounts for fuel inventory, merchandise and supplies.  The
 agreement calls for this sale to be consummated by May 30.
     Williams had previously announced an agreement to sell the convenience
 stores, predominantly located in Tennessee, to Convenience USA, Inc.  A
 provision in that prior agreement allowed Delek the option to become the final
 purchaser of the stores.  Delek exercised that option.
     As part of the agreement, James Alligood will leave Williams to become
 president and chief executive officer of MAPCO Express.  Ike Mefford has been
 named president of Williams TravelCenters, Inc., which will continue to be
 operated by Williams.
     Williams TravelCenters caters to professional drivers, business travelers,
 vacationing families, tour groups, recreational vehicle travelers and local
 residents.  The travel centers offer a spacious retail shop with quality
 merchandise, including gifts, souvenirs, clothing and other accessories.
 There also are items to fit the basic needs of all customers -- from snacks
 and cold beverages to electronics and professional driver supplies.
 Currently, Williams has 55 interstate locations comprised of travel centers
 and family centers.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy and
 communications.  The company delivers innovative, reliable products and
 services through its extensive networks of energy-distributing pipelines and
 high-speed fiber-optic cables.  Williams information is available at
 www.williams.com.
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 

SOURCE Williams
    TULSA, Okla., April 17 /PRNewswire/ -- Williams Express Inc., a business
 unit of Williams (NYSE:   WMB), announced today that it has signed an agreement
 to sell its 198 convenience stores to Delek - The Israel Fuel Corporation
 Ltd., a subsidiary of Delek Group, for a base purchase price of $147 million
 plus additional amounts for fuel inventory, merchandise and supplies.  The
 agreement calls for this sale to be consummated by May 30.
     Williams had previously announced an agreement to sell the convenience
 stores, predominantly located in Tennessee, to Convenience USA, Inc.  A
 provision in that prior agreement allowed Delek the option to become the final
 purchaser of the stores.  Delek exercised that option.
     As part of the agreement, James Alligood will leave Williams to become
 president and chief executive officer of MAPCO Express.  Ike Mefford has been
 named president of Williams TravelCenters, Inc., which will continue to be
 operated by Williams.
     Williams TravelCenters caters to professional drivers, business travelers,
 vacationing families, tour groups, recreational vehicle travelers and local
 residents.  The travel centers offer a spacious retail shop with quality
 merchandise, including gifts, souvenirs, clothing and other accessories.
 There also are items to fit the basic needs of all customers -- from snacks
 and cold beverages to electronics and professional driver supplies.
 Currently, Williams has 55 interstate locations comprised of travel centers
 and family centers.
 
     About Williams
     Williams, through its subsidiaries, connects businesses to energy and
 communications.  The company delivers innovative, reliable products and
 services through its extensive networks of energy-distributing pipelines and
 high-speed fiber-optic cables.  Williams information is available at
 www.williams.com.
     Portions of this document may constitute "forward-looking statements" as
 defined by federal law.  Although the company believes any such statements are
 based on reasonable assumptions, there is no assurance that actual outcomes
 will not be materially different.  Any such statements are made in reliance on
 the "safe harbor" protections provided under the Private Securities Reform Act
 of 1995.  Additional information about issues that could lead to material
 changes in performance is contained in the company's annual reports filed with
 the Securities and Exchange Commission.
 
 SOURCE  Williams