Is BlackRock the Reason Williams Swallowed Poison Pill?

In March Williams, the midstream giant with major operations in the Marcellus/Utica, swallowed a poison pill (see Williams Swallows Poison Pill to Prevent Company Takeover). The company’s board adopted a “limited duration stockholder rights agreement” to fend off potential hostile takeover attempts from those who would buy up a significant number of shares of stock while the company’s share price is down due to the worldwide stock market crash over COVID-19 coronavirus concerns. Was their concern focused on the world’s largest investment firm, BlackRock?

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