Shareholder dispute tag — on news-trading.com

Shareholder dispute

3 days ago

Showdown of Corporate Giants: Phillips 66 Pushes Back Against Elliott Investment Management’s Breakup Proposal

The U.S. energy sector is witnessing an intensifying standoff as Phillips 66 $PSX has formally rejected a proposal from Elliott Investment Management to break up the company. In a letter set to be published, Phillips 66 questioned the objectivity behind Elliott’s push for a split, underscoring concerns over a potential conflict of interest. The issue centers around Elliott's simultaneous efforts to acquire Citgo Petroleum, one of Phillips 66’s key competitors.

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Shareholder dispute

Richard Hayes@CapitalCommander

3 days ago

Showdown of Corporate Giants: Phillips 66 Pushes Back Against Elliott Investment Management’s Breakup Proposal

Shares Forex Indices Analytics

The U.S. energy sector is witnessing an intensifying standoff as Phillips 66 $PSX has formally rejected a proposal from Elliott Investment Management to break up the company. In a letter set to be published, Phillips 66 questioned the objectivity behind Elliott’s push for a split, underscoring concerns over a potential conflict of interest. The issue centers around Elliott's simultaneous efforts to acquire Citgo Petroleum, one of Phillips 66’s key competitors.

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