Elliott takes $1 billion stake in Phillips 66, plans to seek two board seats, sources say
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A vehicle refuels at a Phillips 66 gas station in Rockford, Illinois, U.S., on Monday, July 29, 2019.
Daniel Acker | Bloomberg | Getty Images
Elliott Management has taken a $1 billion stake in Phillips 66 and plans to seek as many as two board seats, sources told CNBC’s David Faber.
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2023-11-29 08:03:00
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