Advertisement

Phillips closed the polls on its shareholder vote.

Share via

The Bartlesville, Okla.-based oil company said results of the vote on the firm’s plan for a massive restructuring will be revealed Monday. The plan would make it more difficult for hostile takeovers to be carried out. New York financier Carl Icahn, who opposes the Phillips plan, has said he will not proceed with his $8.06-billion takeover offer unless the plan is defeated.

Advertisement