Latest news with #proxybattle
Bloomberg
14-05-2025
- Sport
- Bloomberg
Phillips 66's Battle Against Elliott Builds to a Dramatic Finish
Hi, it's Crystal Tse in New York, previewing what's set to be a dramatic conclusion to a high-profile proxy battle at oil refiner Phillips 66. Also today, another big American sports team is on the block. Today's top stories
Wall Street Journal
13-05-2025
- Business
- Wall Street Journal
Elliott Wins Backing from Proxy Advisers in Phillips 66 Boardroom Battle
Elliott Investment Management scored a key endorsement this week in its heated proxy battle at oil refiner Phillips 66 PSX 4.51%increase; green up pointing triangle, which is nearing a shareholder vote later this month. On Monday, the activist firm received the backing of the prominent proxy adviser Institutional Shareholder Services. ISS recommended shareholders elect all four of Elliott's director nominees at Phillips 66's annual meeting set for May 21.
Bloomberg
10-05-2025
- Business
- Bloomberg
Phillips 66 Loses Glass Lewis Support for Three Directors
Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner and activist investor. Glass Lewis recommended voting for Brian Coffman, Sigmund Cornelius and Michael Heim from the Elliott slate, citing their industry experience, according to a report published on Friday. It also supported Nigel Hearne, a Phillips 66 nominee.
