Investor Adds a New Twist to Williams’s Bizarre Tale


The Williams Companies, the American pipeline operator, is getting the proxy fight it deserves.

Keith Meister, an aggressive investor who recently quit as a director, is back challenging the board with a whole new slate. Because of a deadline, however, his hedge fund’s nominees are merely stand-ins until real candidates can be found. The year of merger and acquisition helter-skelter for Williams makes this new madness somehow fitting.

Mr. Meister, the Carl Icahn protégé whose Corvex Management owns about 4 percent of the $21 billion Williams, said on Monday that he planned to put forward 10 of his employees to serve on the Williams board. If voted in, they would be replaced by independent directors whom Corvex intends to identify before shareholders submit their ballots on Nov. 23…

Investor Adds a New Twist to Williams’s Bizarre Tale

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