Corporate Raiders Try to Incite Shareholder Revolt at Williams

Mini-MeOn Friday MDN reported that Enterprise Products Partners, a huge midstream company, wants to buy Williams (see Here We Go Again: Enterprise Products Wants to Buy Williams). Yes, we’ve seen this movie before. Last year Energy Transfer Equity’s CEO Kelcy Warren tried the same thing–which ended in disaster earlier this year (see Dead as a Doornail: ETE Terminates Merger with Williams). History is repeating itself. The same agitators–corporate raiders–are once again pressuring Williams to accept the Enterprise offer as they tried to get Williams to accept ETE’s earlier offer. Keith “Mini Me” Meister, a protege of Carl Icahn, is one of the corporate raiders pressuring Williams. Why? So Mini-Me can flip his large amount of Williams stock at a considerable profit (screwing employees of Williams in the process). Once again, here’s why corporate raiders, like Keith Meister, are disgusting low-lifes in our book…

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