Williams Cos. names activists to board to avoid proxy fight


Williams Cos. (WMB) is giving board seats to Carl Icahn protege Keith Meister and activist shareholder Eric Mandelblatt of Soroban Capital Partners to avoid a potential proxy battle.

Meister’s Corvex Management is WMB's largest shareholder and with Soroban holds a nearly 10% combined stake; last year, the two investors said they were seeking board seats and called on the company to consider strategic combinations.

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Comments (1)
  • galber777
    , contributor
    Comment (1) | Send Message
     
    Don't trust Icahn and his buddies. Ask the TWA employees how they like him.
    I would vote my measly 3,000 shares against any action these guys are looking for

     

    Glenn
    26 Feb 2014, 06:13 PM Reply Like
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