Williams Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Williams plan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Williams Plan Today - Breaking & Trending Today
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 Delaware Court of Chancery, after reviewing the Williams Plan under the Unocal standard, permanently enjoined it, and found that the directors had breached their fiduciary duties, thereby rendering it unenforceable. ....
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 ). Less than a year later, the Delaware Court of Chancery, after reviewing the Williams Plan under the Unocal standard, permanently enjoined it, and found that the directors had breached their fiduciary ....