09:30 EST Phillips 66 (PSX) jumps 5% to $129.98 after Elliott confirms $2.5B position
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Read More on PSX:
- Elliott says Phillips 66 should sell, spinoff Midstream unit, interest in CPChem
- Elliott: Phillips 66’s midstream unit could command premium valuation over $40B
- Elliott discloses over $2.5B position in Phillips 66, sends letter to board
- Elliott urges Phillips 66 to take ‘necessary actions’ to improve operations
- Activist Elliot builds more than $2.5B stake in Phillips 66, WSJ says