Seeking Alpha

Activists raise stake in Williams Cos., hire an adviser

  • The two activist hedge funds looking to spark change at Williams Cos. (WMB, WPZ) disclose that they have raised their collective stake in the gas pipeline operator to just under 10%, up from an initial 5.3%, and have hired an investment banker.
  • Since going public with their stake in December, the hedge funds - Corvex Management and Soroban Capital - have said they want WMB to consider pursuing more mergers, and suggested they are seeking seats on the board.
  • Nearly all of the hedge funds' holdings - ~$2.5B, 8.8% of the company - are in actual shares, so the firms can say they have much more money at stake than if their position was composed largely of derivatives.
From other sites
Comments (5)
  • jumpnjoey77
    , contributor
    Comments (901) | Send Message
     
    Here comes the equity extractors.
    14 Feb 2014, 11:42 PM Reply Like
  • jas_rogers
    , contributor
    Comments (36) | Send Message
     
    This anti-Semitic stuff has got to stop. It's irresponsible, and it's just plain wrong! It has nothing to do with the subject at hand either.
    17 Feb 2014, 06:03 AM Reply Like
  • jas_rogers
    , contributor
    Comments (36) | Send Message
     
    The anti-Semitic posting that I complained about has been taken down. Perhaps it now would make sense to remove my responses also.
    18 Feb 2014, 02:03 AM Reply Like
  • jas_rogers
    , contributor
    Comments (36) | Send Message
     
    The anti-Semitic posting that I complained about has been taken down. Perhaps it now would make sense to remove my responses also.
    18 Feb 2014, 02:03 AM Reply Like
  • Zeus2012
    , contributor
    Comments (708) | Send Message
     
    Just sold mine today a little above $42 & all time high. I don't trust Corvex & Keith Meister (don't know much about the other activist). Look @ the self dealing involved in the buyback in $ADT at the detriment of the other shareholders (i.e., the 1980 style greenmail).

     

    Bought this in the low $30 back last summer. Would look to get back in below $40.
    22 Feb 2014, 08:25 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs