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Facts Matter: A Fresh Look at Rights Plans and Fiduciary Duties | Akin Gump Strauss Hauer & Feld LLP

To embed, copy and paste the code into your website or blog: In mid-March 2020, concerned about opportunistic activist stockholders, a precipitous decline in oil prices and corresponding stock volatility, as well as uncertainty created by the unprecedented COVID-19 pandemic, the board of directors of the Williams Companies, Inc. (“Williams” or the “Company”) adopted a one-year stockholder rights plan with a five percent trigger (the “Williams Plan”). Less than a year later, the Dela...
United States Kathleens Mccormick Akin Gump Strauss Hauer Feld Delaware Court Institutional Shareholder Services Williams Companies Inc

Facts Matter: A Fresh Look At Rights Plans And Fiduciary Duties - Corporate/Commercial Law

To print this article, all you need is to be registered or login on Mondaq.com. In mid-March 2020, concerned about opportunistic activist stockholders, a precipitous decline in oil prices and corresponding stock volatility, as well as uncertainty created by the unprecedented COVID-19 pandemic, the board of directors of the Williams Companies, Inc. ("Williams" or the "Company") adopted a one-year stockholder rights plan with a five percent trigger (the "Williams Plan"). L...
United States Kathleens Mccormick Shareholder Services Chancery Court Delaware Court Williams Companies Inc
Source: mondaq.com

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