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Tuesday 23 June 2015
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Pre-Market News Alert on: Williams Companies, (NYSE:WMB), Texas Instruments, (NASDAQ:TXN), NorthStar Realty Finance, (NYSE:NRF)

On Monday, Shares of Williams Companies, Inc. (NYSE:WMB), surged 25.90% to $60.86, hitting its highest level.

The Williams Companies, declared that Sarah Miller has been named general counsel of the company, effective June 20, 2015. Williams’ board of directors has confirmed Miller’s role. She will report directly to Williams President and Chief Executive Officer Alan Armstrong.

Miller will lead Williams’ legal team, succeeding Craig Rainey who has stepped down. Miller, who formerly served as vice president, corporate secretary and assistant general counsel for the company’s corporate secretary team, was designated to the interim general counsel position in March 2015.

Miller joined Williams in 2000 and has served in a variety of legal leadership roles. In addition to serving as corporate secretary and assistant general counsel, she has also served as senior counsel for the company’s midstream business, and as senior attorney for the legal department’s business development team. Preceding to joining Williams, Miller was a litigation associate at Crowe & Dunlevy.

The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.

Shares of Texas Instruments Inc. (NASDAQ:TXN), inclined 1.82% to $55.50, during its last trading session.

Texas Instruments Incorporated, declared that Janet F. Clark has been elected to TI’s board of directors, effective July 15.

Ms. Clark, 60, spent the first 20 years of her career in investment banking and financial consulting before serving for 16 years as chief financial officer at several energy companies. Most recently, she spent a decade at Houston-based Marathon Oil Corporation, where she culminated her career as executive vice president and chief financial officer before retiring in late 2013. During her tenure there, she led the successful spin-off of the company’s refining and marketing business. She also serves on the boards of EOG Resources, Inc. and Goldman Sachs BDC, Inc. and is a past director of Dell Inc.

Recently, she remains an active supporter of the Houston community through her service on several nonprofit boards, counting Teach For America – Houston region, YES Prep Public Schools and the Greater Houston Community Foundation. She also is a member of the Executive Committee of the Houston Symphony board of trustees and the Council of Overseers for Rice University’s Jones Graduate School of Business.

Ms. Clark earned a bachelor’s degree in economics from Harvard University and a master of business administration in finance from the Wharton School of the University of Pennsylvania.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.

Finally, NorthStar Realty Finance Corp. (NYSE:NRF), ended its last trade with -1.18% loss, and closed at $16.81.

NorthStar Realty Finance Corp., declared that it has reached a definitive agreement to acquire a Class A office tower located in Frankfurt, Germany for €540 million. The Tower is one of the tallest buildings in Germany and is about 68,600 square meters, 98.5% occupied and has a weighted average lease term of about eight years with two tenants rated “AAA” and “A” comprising over 70% of gross rents.

NorthStar Realty anticipates to earn an initial current yield of about 8.0% on its about €250 million of invested equity. The Tower is predictable to be contributed to NorthStar Realty Europe Corp. (“NRE”) at the time of the spin-off from NorthStar Realty. After the completion of this acquisition, NRE will have an aggregate $2.6 billion portfolio, at cost, of high-quality European real estate investments.

NorthStar Realty Finance Corp. is a real estate investment trust launched and managed by NorthStar Asset Administration Group. The fund invests in the real estate markets of the United States.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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