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Delaware Court Enjoins an ‘Extreme’ Stockholder Rights Plan

Legal News, Lawyers, Law Firms

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...

Mentions: Delaware The Williams Companies, Inc. Institutional Shareholder Services