Williams Cos. +4.1% as Corvex, Soroban take activist role

Williams Cos. (WMB +4.1%) is among the day's best performers in the S&P 500 after Corvex Management and Soroban Capital revealed they own a combined 5.3% of WMB shares and have been in discussions with the company, including asking for board seats and opportunities for deals in the midstream segment.

Corvex, run by Keith Meister, typically works behind the scenes though it has engaged in some public fights, including an ongoing rumble with Commonwealth REIT; Soroban, run by Eric Mandelblatt, is heavily invested in energy stocks but it hasn’t filed a 13D in the few years it has been operating.

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