Williams CFO taps debt, poison pill during pandemic

WALL STREET JOURNAL đź”’| Companies of all stripes have had to adapt their financial operations during the coronavirus pandemic. Oil and gas businesses such as Williams Cos . have been contending with the additional hurdle of a sharp decline in energy prices, which is pushing down stock prices. Williams, a Tulsa, Okla.-based oil and natural gas pipeline operator, has taken action by adopting a shareholder-rights plan to prevent a hostile takeover, drawing down additional debt, and changing how it processes payments.

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