Seeking Alpha

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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