Williams Cos. (WMB) Comments on Corvex Statement; Intends to Appoint Three Independent Directors
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Williams Cos. (WMB) Affirms Receipt of Corvex Board Nominations; Issues Statement
August 24, 2016 11:12 AM EDTThe Williams Companies, Inc. (NYSE: WMB) confirmed that Corvex Management LP (Corvex) has nominated ten Corvex employees, including Keith Meister, to stand for election to the Companys Board of Directors (the Board) at the 2016 Annual Meeting of Stockholders to be held on Wednesday, November 23, 2016.
The Company issued the following statement:
Williams is disappointed that Corvex has launched a distracting and costly proxy contest while Williams is successfully executing its strategic plan and moving forward with its intent to name three new, highly qualified and independent directors as part of its... More
Corvex's Meister proposes to replace Williams' board
August 22, 2016 1:59 PM EDTBy Michael Erman and Michael Flaherty
NEW YORK (Reuters) - Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's (NYSE: WMB) entire board.
Meister said his 10 nominees would all be Corvex employees who would be replaced by independent directors that the hedge fund recruits shortly after taking their positions.
"This will provide a path for shareholders to take this company back from six unqualified independent directors," Meister said in an interview on Monday. Corvex is Williams' fourth-largest... More
Corvex to Nonimate 10 to Williams Cos. (WMB) Board on Wednesday - CNBC
August 22, 2016 12:11 PM EDTKeith Meister tells CNBC's Kate Kelly that Corvex will nominate a slate of 10 directors for Williams Cos. (NYSE: WMB) on Wednesday.
... More
