Seeking Alpha

Williams Cos. +3% AH as Corvex discloses 5.28% stake

  • Williams Cos. (WMB+3% AH as Corvex Management discloses a 5.28% stake and seeks to add two members to WMB's board of directors.
  • Corvex says it has held talks with WMB to enhance the structure and value of the company's investments and assets and to optimizing capital structure and dividend policy; it requests WMB to add Corvex head Keith Meister and Soroban Capital's Eric Mandelblatt to WMB's board.
Comments (4)
  • Minutemen
    , contributor
    Comments (1334) | Send Message
    Yay, me. Long WMB.
    16 Dec 2013, 07:23 PM Reply Like
  • mulligan2
    , contributor
    Comments (89) | Send Message
    Is this a good thing?
    16 Dec 2013, 10:32 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (683) | Send Message
    Probably not. Extract value and load them up with debt and move to the next one is the typical formula.
    17 Dec 2013, 02:38 AM Reply Like
  • Minutemen
    , contributor
    Comments (1334) | Send Message
    I see this as a good thing. Corvex Capital is a hedge fund managed by Keith Meister, who was formally Carl Ichan's right hand man. These activist investors have history of increasing value in a company. An interesting development nonetheless.
    17 Dec 2013, 08:02 AM Reply Like
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