Event JSON
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"https://finance.yahoo.com/news/phillips-66-urges-shareholders-vote-143200585.html"
],
[
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"Phillips 66 Urges Shareholders to Vote Against Elliott at Annual Meeting"
],
[
"published_at",
"1744122720"
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[
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"Phillips 66's board of directors has recommended that shareholders vote for the company's nominees at the upcoming annual shareholder meeting, rejecting Elliott Investment Management's proposals for changes to the company's midstream business and leadership. Elliott, one of Phillips 66's largest investors, has been pushing for a divestment of the midstream business and board changes, citing a potential valuation of over $40 billion. The PSX board has countered that the midstream business is in its early stages and that a spin-off is unrealistic, citing tax leakage costs and the lack of cash buyers."
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