(HedgeCo.Net) Activist investing is once again asserting itself at the highest levels of corporate America, and few developments illustrate this resurgence more clearly than the intensifying campaign led by Paul Singer and Elliott Management against Phillips 66. What began as a targeted critique of strategy has now evolved into a full-scale activist battle—one that carries implications not just for a single energy conglomerate, but for the broader landscape of capital allocation, governance, and...
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