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The nominees will serve as placeholders until the activist hedge fund identifies actual candidates for the proxy contest, which Williams criticized as distracting and costly.
The pipeline operator called the move unfortunate, distracting and costly, as it's moving forward with its own plan to identify qualified and independent directors.
The S&P 500 closed just points from its record high as a crude oil rally distracted Wall Street from uncertainty over the Federal Reserve's rate-hike plans.