Elliott reveals a $1.0 billion stake in Phillips 66: here’s what it wants

Phillips 66 (NYSE: PSX) opened about 3.0% up on Wednesday after Elliott Investment Management revealed a sizable stake in the crude refining company. Elliott is pushing for board seats at Phillips 66 The activist investor has built a stake worth $1.0 billion and is pushing for two board seats. Elliott attributes the recent underperformance in […]