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On February 26, 2021, Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery permanently enjoined a stockholder rights plan or so-called “poison pill” with a 5% trigger
1 that The Williams Companies, Inc. (“Williams” or the “Company”) adopted at the beginning of the COVID-19 pandemic. In a lengthy post-trial opinion, Vice Chancellor McCormick reviewed the rights plan under the
Unocal standard and determined that the members of the Williams board of directors breached their fiduciary duties by adopting it, rendering it unenforceable.
The decision is a reminder that although rights plans remain an important tool, boards of directors should carefully consider and evaluate them before adoption based on a company’s particular facts and circumstances.
Salient Midstream & MLP Fund Announces Unaudited Net Asset Value As Of February 28, 2021
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Salient Midstream & MLP Fund Announces Unaudited Net Asset Value As Of February 28, 2021
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
CONTENT: Press Release
United States, Mar. 4, 2021 /3BL Media/- The Energy Diversity & Inclusion Council kicks off The Energy Inclusion Conference announcing the Top Diverse Leaders in Energy on February 23 - 25, 2021. This year’s conference theme is “Inclusion Leads to Innovation”. This virtual conference will feature keynote speakers such as Pedro Pizarro, Paula Gold Williams, Girish Saligram and more. During the conference, professionals will gain access to learning sessions held by industry experts, organizational tracks, and endless inspiration that highlight the importance of diversity and inclusion in the energy arena.
The Top Diverse Leaders in Energy award features the highest caliber of executive leadership within this industry.
Includes ownership of Plains All American Pipeline, L.P. (“PAA”) and Plains AAP, L.P. (“PAGP-AAP”).
Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The company s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies.