1. Delaware Court Enjoins an ‘Extreme’ Stockholder Rights Plan

    Delaware Court Enjoins an ‘Extreme’ Stockholder Rights Plan

    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...

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