{"id":86646,"date":"2023-11-30T04:18:48","date_gmt":"2023-11-30T09:18:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86646"},"modified":"2023-11-30T04:18:48","modified_gmt":"2023-11-30T09:18:48","slug":"elliott-takes-1-billion-stake-in-phillips-66-seeks-two-board-seats","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2023\/elliott-takes-1-billion-stake-in-phillips-66-seeks-two-board-seats.html","title":{"rendered":"Elliott takes $1 billion stake in Phillips 66, seeks two board seats"},"content":{"rendered":"\n<p>(CNBC) Elliott Investment Management has taken a $1 billion stake in <a href=\"https:\/\/www.cnbc.com\/quotes\/PSX\/\">Phillips 66<\/a> and is seeking as many as two board seats in a push to improve the company\u2019s performance, according to <a rel=\"noreferrer noopener\" href=\"https:\/\/elliottletters.com\/assets\/downloads\/Elliotts-Letter-to-the-Board-of-Phillips-66.pdf\" target=\"_blank\">a Wednesday letter<\/a> from the activist investor. Phillips 66?s stock rose more than 4% in afternoon trading Wednesday. The crude refining company has a market cap of nearly $52 billion. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/11\/29\/elliott-takes-1-billion-stake-in-phillips-66-plans-to-seek-two-board-seats-sources-say.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats in a push to improve the company\u2019s performance, according to a Wednesday letter from the activist investor. Phillips [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86646","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86646"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86646\/revisions"}],"predecessor-version":[{"id":86647,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86646\/revisions\/86647"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}