"Young and the Restless" spoilers for Wednesday, June 3, reveal Phyllis Summers getting caught off guard by Nick Newman. She thought that she was finally getting her freedom back after giving Matt Clark to the Newmans.
However, Nick tells Phyllis that she must surrender their family's company first, or she'll still get sent to jail. Meanwhile, Devon gets brutally honest with Holden regarding the Winters.
'Young and the Restless' Devon Gets Real With Holden
"Young and the Restless" spoilers for Wednesday feature Holden sitting with Lily and Devon at the coffee shop. Lily will ask how Malcolm is doing, and Holden will say he's doing well.
He and Lily then start making jokes about the nurses having a thing for Malcolm, and Devon makes a face. Lily gets a call and leaves the scene. Holden then apologizes to Devon for interrupting their moment.
Devon says it's okay, but he can't help but have some suspicions due to their past. "I hope you won't use the situation to your advantage. You're gonna have to prove yourself, the Winters aren't your meal ticket," Devon adds.
Holden promises he has no plans to do anything, and he'll head out by the time Lily returns. Lily asks Devon if something happened, and he'll say he's a "big boy" who can take care of himself.
Phyllis Considers Giving Up The Newman
Wednesday's spoilers of "Young and the Restless" tease Phyllis having a conversation with Nick at the GCAC. Phyllis can't believe that Nick will turn on her after saving his life and giving Matt to them.
"I saved your life, have you forgotten what happened? The Nick Newman I know would never do this to me!" she says.
Nick says he's grateful for what happened, but she can't get away from what she did. "If you do not give my family the company back, you are going to prison," Nick adds.
Michael interrupts the two, and Nick gives Phyllis until the end of the day to make a decision. As Nick leaves, Phyllis confesses to Michael that she's not enjoying her current state anymore.
Michael asks if she's ready to give back the Newmans. "For the first time, I am realizing that's possibly the only option I have left," she says.
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