Activist Elliott poised to win two board seats at Phillips 66, source says
ReutersMay 21, 2025 12:52 PM
NEW YORK, May 21 (Reuters) - Activist hedge fund Elliott Investment Management has won enough support from Phillips 66 PSX.N shareholders to secure two board seats on the U.S. oil refiner's board of directors in one of the country's biggest corporate fights this year, a source familiar with the preliminary vote said on Wednesday.
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