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Elliott builds $2.5 billion stake in Phillips 66

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.

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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.

Reuters on MSN · 3d

Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale

(Reuters) - Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes as well as the sale of the company's midstream business.

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Phillips 66 Stock Is Rising. Activist Investor Elliott Wants More From Refiner.

Elliott has built up a $2.5 billion position in Phillips 66 and will push for operations changes to boost the stock, The Wall ...

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Chase Elliott dominates for first Clash victory at Bowman Gray

Meanwhile, Elliott extended his advantage to more than a second over Buescher just past the Lap 15 mark. Then on Lap 20, the Clash’s first caution flew when Busch, who was battling both Gragson ...

Elliott discloses over $2.5B position in Phillips 66, sends letter to board

Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter ...

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Elliott builds $2.5 billion stake in Phillips 66

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