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Williams Cos. (WMB) stock was retreating as oil prices fell Wednesday, and a nomination for 10 new interim board members from private hedge fund Corvex Management,
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.
Keith Meister, Corvex Management founder and activist investor, told CNBC he resigned from Williams Cos. (WMB) board because of management issues and seeks to place 10 directors on the board.
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.