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Many activists think of themselves as amicable and constructive, but that could actually be the case in this engagement at the petroleum refiner.
Elliott Management seems supportive of Phillips 66 CEO Mark Lashier, but isn’t completely happy with the refining company.
(CTN News) - According to a letter from the activist investor, Elliott Investment Management has acquired a $1 billion stake in Phillips..............
Sees a Total Potential Upside of Approximately 75% Seeks Appointment of Two Highly Qualified New Directors Discloses Approximately $1 Billion Position Full Letter Available at ElliottLetters.com WEST PALM BEACH, Fla.,
The activist investment firm is urging Phillips 66 to revamp its board to boost lagging performance, with its stock recently trading at about $118 per share