Elliott Has Near 5% Stake in BP, Wants Big Disposals, FT Says, Citing Sources
--Activist hedge fund Elliott Management has built up a near 5% shareholding in oil major BP and wants the company to reduce spending on renewables and make big disposals, the Financial Times reports, ...
Elliott discloses nearly $5 billion stake in BP, FT reports
Activist investor Elliott Management has disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the ...
Hedge fund Elliott commands attention in C-suites as relentless activist
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by ...
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Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business
Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.
Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye
Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...
Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...
Activist Elliott confirms $2.5B-plus stake in Phillips 66, urges pipeline unit sale or spinoff
Phillips 66 (NYSE:PSX) +5.4% in Tuesday's trading after Elliott Investment Management confirmed a more than $2.5B stake in the oil refiner, and will seek to streamline the company, most notably with ...