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Phillips 66 Hits Back at Elliott Management’s Claims in Escalating Proxy Fight
Phillips 66 has issued a sharp rebuttal to Elliott Management’s latest letter, accusing the activist investor of misleading disclosures, director loyalty tests, and undisclosed financial ties amid an intensifying battle over board control and corporate governance.
Proxy adviser ISS backs Elliott in fight against Phillips 66
Activist investor Elliott Management has won the backing of influential proxy adviser Institutional Shareholder Services for all four board nominees in its campaign against oil refiner Phillips 66, according to a report seen by the Financial Times.
Shares of Phillips 66 advanced 5.81% to $125.57 Tuesday, on what proved to be an all-around mixed trading session for the ...
Disagrees with ISS’ and Glass Lewis’ Recommendations which Failed to Address Critical Issues Reiterates The Strength Of Phillips 66’s Highly Qualified Board And Nominees HOUSTON, May 13, ...
Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott ...
The broader market backdrop only sharpens the appeal. With investors facing persistent uncertainty around inflation, growth, ...
Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...
Under former chief executive Philippe Schaus, Moët Hennessy pursued hit-and-miss deals, a lossmaking drive into direct-to-consumer sales and sharp price increases. Yet he ascended to be one of ...
Reiterates Strength of Company’s Transformative Strategy and the Valuable Skills of Phillips 66’s Board and Nominees in Contrast to Elliott’s Risky, Misleading Analysis and Conflicted ...
This Financial Times report highlights major financial developments including Elliott Management's proxy battle at Phillips ...
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