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Phillips 66, Elliott and Investment Management

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

GlobalData on MSN · 3d

Elliott Investment Management invests $2.5bn in Phillips 66

Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for operational changes, including the sale of the company's midstream business. The news has seen Phillips 66 shares rise by 3.

Business Insider · 4d

Activist Elliott Ups Stake in Phillips 66 with Over $2.5B Investment

Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion in fresh

3don MSN

Activist Elliott Ratchets Up Pressure on Phillips 66 With Over $2.5 Billion Stake

The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.

4don MSN

Elliott builds over $2.5 billion stake in Phillips 66, seeks operational changes, source says

Elliott plans to push Phillips 66 to sell or spin off its midstream business, the person said. In March last year, Elliott ...

Elliott urges Phillips 66 to take ‘necessary actions’ to improve operations

EST Elliott urges Phillips 66 (PSX) to take ‘necessary actions’ to improve operationsMaximize Your Portfolio with Data Driven ...

Transport Topics3d

Elliott Builds More Than $2.5 Billion Stake in Phillips 66

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.

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