Activist Elliott poised to win two board seats at Phillips 66, source says

Reuters
2025/05/21
Activist Elliott poised to win two board seats at <a href="https://laohu8.com/S/PSX">Phillips 66</a>, source says

NEW YORK, May 21 (Reuters) - Activist hedge fund Elliott Investment Management has won enough support from Phillips 66 PSX.N shareholders to secure two board seats on the U.S. oil refiner's board of directors in one of the country's biggest corporate fights this year, a source familiar with the preliminary vote said on Wednesday.

(Reporting by Svea Herbst-Bayliss, Editing by Louise Heavens)

((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))

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