Elliott Seeks Phillips 66 Board Seats as It Urges Asset Sale
Investor Says Company Hasn’t Followed Through on Promises to Improve Operations
(Phillips66Co via YouTube)
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Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a multiyear campaign pushing the company to sell assets, improve operational performance and bolster board oversight.
Phillips 66 received a notice from Elliott that the activist investor plans to nomina…
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