Activist Investor Elliott Increases Stake in Phillips 66 to Over $2.5 Billion
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Recently, insider sources reported to Reuters that the activist investor Elliott Investment Management has built a stake in the troubled oil company BP. Elliott Investment Management L.P. (together with its affiliates "Elliott") claims to be one of the oldest investment managers of its kind under continuous leadership. The influential activist investor is working to enhance shareholder value by urging BP to consider transformative measures, Reuters reported, citing a report from Bloomberg News. Increased stake in Phillips 66 to over $2.5 billion...
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