Elliott, Phillips 66 and Board of Directors
Elliott Sends Letter and Presentation to the Board of Phillips 66
Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today sent a letter to the Board of Directors of Phillips 66.
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The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.
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