Elliott acquires $1 billion stake in Phillips 66 – CNBC

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Nov 29, 2023 | 7:17 AM

(Reuters) – Elliott Management has taken a $1 billion stake in refiner Phillips 66 and plans to seek as many as two board seats, CNBC reported on Wednesday citing sources.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Krishna Chandra Eluri)

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Elliott acquires $1 billion stake in Phillips 66 – CNBC

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