Elliott Investment Management and Southwest Airlines have been discussing a settlement that would give the activist significant representation on the airline's board. The discussions come just days after the activist called for a special meeting at the company.
Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for control of the airline's board, Bloomberg News reported on Saturday, citing people familiar with the matter.
LUV's third-quarter 2024 revenues are expected to have benefited from growth in air-travel demand. Higher interest expense is likely to have weighed on the bottom line.
Southwest (LUV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Elliott Investment Management has called for a special shareholder meeting at Southwest Airlines and nominated eight directors to the Southwest board as it seeks to replace the same number of incumbents. Crystal Tse reports on Bloomberg Television.
Elliott Investment Management on Monday called for Southwest Airlines (LUV) shareholders to elect its slate of candidates to the company's board.
The hedge fund said it was officially calling for a special meeting to be held in December and submitted proposals to replace eight directors and take control of the board.
Southwest Airlines' stock took a turn lower Monday, after activist investor Elliott Investment Management called for a special meeting to give shareholders a chance to elect “a completely independent” board of directors.
Southwest Airlines received a request from activist Elliott Investment Management to host a special shareholder meeting, according to a report.
Elliott has formally called for a special meeting at Southwest Airlines, the activist's first U.S. proxy fight since 2017. The activist investor has an 11% stake in the carrier and is seeking the ouster of CEO Bob Jordan.
Southwest (LUV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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