Williams Cos. (WMB) Massive Resignation of Directors; Takeover Rumors Boost Harley-Davidson (HOG)
Williams Companies, Inc. (NYSE:WMB) shares plunged into negative territory on Friday, after six members – from a total of 13 – of its board of directors resigned as they disagreed with the company’s support for its current CEO Alan Armstrong
Diversified energy-related services provider Energy Transfer Equity, L.P. (NYSE:ETE) terminated a couple days ago its merger deal with the Williams Cos.
WMB stock is trading at $20.67, down $0.96 (or -4.42%) and 13,660,966 shares of the comapy changed hands so far
Williams Companies, which operates as an energy infrastructure company, has 750.53M Shares Outstanding and WMB stock 52-week range is from $10.22 to $58.77 per share
Shares of Harley-Davidson, Inc. (NYSE:HOG) soared more than 17% to touch the $53.10 mark in intraday trading Friday, following rumors in the street indicating a possible takeover of the motorcycle maker by a private equity firm.
Harley-Davidson expects to report its second-quarter 2016 financial results on July 28, 2016 before the market open
HOG stock is changing hands at $51.69, up $6.39 (or +14.12%), and 17,321,662 of its shares were traded so far, representing a large increase in activity versus its average volume (3m) of 2,840,570
Harley-Davidson, which primarily manufactures cruiser and touring motorcycles, has 181.09M Shares Outstanding and HOG stock one-year range is between $36.36 and $60.67 per share
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