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Elliott builds $2.5 billion stake in Phillips 66

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the oil company to either sell or spin off its midstream unit to help

Investopedia · 1d

Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott Investment Management has built a more than $2.5 billion stake in the oil refiner.

Seeking Alpha on MSN · 1d

Activist Elliott confirms $2.5B-plus stake in Phillips 66, urges pipeline unit sale or spinoff

Elliott Investment Management confirms a more than $2.5B stake in Phillips 66 and will seek to streamline the company, most notably with the sale or spinoff of its midstream business.

Bitcoin Elliott Wave technical analysis [Video]

BTC/USD trading strategy: BTC/USD is currently in a Corrective Wave IV structure that is currently in wave B of IV and may go up before going down. The structure is expected to be a Flat Correction ...

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European Equities Close Higher in Monday Trading; Elliott Investment Amassing BP Stake

The European stock markets closed higher in Monday trading as The Stoxx Europe 600 rose 0.65%, Germany's DAX gained 0.67%, the FTSE 100 in London increased 0.87%, France's CAC 40 was up 0.46%, and the ...

Upstream2d

BP stock price surges as activist investor Elliott builds stake in under-pressure supermajor

Analysts suggest hedge fund will want board room shake-up, E&P focus, asset sales, spin-offs and could 'smoke out' corporate ...

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Elliott builds $2.5 billion stake in Phillips 66

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