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Phillips 66 fires back after shareholder advisory firms recommend Elliott nominees
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Phillips 66 said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led ...
Paul Singer, Elliott Management's founder, made bold energy bets in Q1 of 2025, investing $2B each in Phillips 66 and Suncor Energy, while trimming exposure to broader market ETFs.
About 840 of the sites operate under Phillips 66’s Jet fueling brand. The deal is expected to close in the second half of ...
At Phillips 66, the tone is less friendly. Nonetheless, Elliott’s campaign includes the claim that a break-up could theoretically lead to a “sum-of-the-parts” valuation that boosts the company’s ...
Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott ...
Phillips 66 agreed to divest a majority stake in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.
The broader market backdrop only sharpens the appeal. With investors facing persistent uncertainty around inflation, growth, ...
Phillips 66 reached a definitive deal to sell a 65% stake in its retail marketing business in Germany and Austria.
It and Phillips 66 are locked in a proxy battle for control of the company, and have both put forth a slate of directors for its board. A vote on those directors will take place at Phillips 66's ...
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