Elliott decries Phillips 66 CEOs bearish take in boardroom brawl over conglomerate

Elliott decries Phillips 66 CEOs bearish take in boardroom brawl over conglomerate

The ScoopA boardroom fight is brewing in Texas, pitting a struggling industrial conglomerate against America’s most powerful hedge fund.Elliott Management has amassed a formidable reputation as an activist investor over the last 30 years. Swashbuckling in its earliest days, it has since sanded its rougher edges, winning credibility with other investors — and the occasional corporate executive — for boardroom turnarounds.Elliott’s latest target i…

Elliott Sues Phillips 66 for 'Gamesmanship' ahead of Board Election

'Phillips has still not disclosed how many seats will be up for election or who its nominees will be, requiring Elliott to file a complaint in order to pre...

Bartlesville Radio » News » REPORT: Activist Elliott Sues Phillips 66 to

Reuters reports that activist investor Elliott Investment Management on Tuesday sued Phillips 66 (PSX.N), opens new tab to protect shareholders rights and force the oil refiner to comply with its own charter. The complaint, filed in the Delaware Chancery Court, seeks to have four directors stand for election at the company's annual meeting this year. The lawsuit comes less than four weeks after Elliott, which owns a $2.5 billion stake in Phill…