Southwest Adopts 'Poison Pill' Shareholder Rights Plan
Southwest Airlines (LUV) on Wednesday implemented a so-called “poison pill” shareholder rights plan to prevent activist Elliott Investment Management from acquiring additional shares.
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Southwest Airlines moves to safeguard against activist campaign
Southwest Airlines Co (NYSE:LUV) has adopted a limited-duration shareholder rights plan to safeguard the interests of its shareholders in the face of an activist campaign launched by Elliott Investment Management. The plan, effective immediately, aims to prevent Elliott – or any person or group – from gaining control of the company without offering a fair premium to shareholders.
Southwest Airlines Fights Back Against Activist Elliott
The company said in June that it has built a $1.9 billion stake in the airline, making it one of the largest shareholders.
Southwest Airlines adopts 'poison pill' to fend off activist Elliott Management
Southwest Airlines has adopted a shareholder rights plan, also known as a poison pill, to fend off an effort from activist Elliott Management. Elliott is pushing to oust Southwest CEO Bob Jordan and chairman Gary Kelly.
Southwest Airlines adopts poison pill after Elliott pushes for changes
Southwest Airlines said on Wednesday it had adopted a poison pill after activist investor Elliott Investment Management pushed for changes at the carrier.
Southwest Airlines adopts shareholder rights plan after Elliott Management discloses 11% stake
Southwest Airlines Co. LUV, +0.64% said Wednesday it's adopting a limited-duration shareholder rights plan with immediate effect. A rights plan, also known as a poison pill, protects companies from hostile takeovers as it forces a bidder to negotiate with the board and not directly with shareholders.
FAA and NTSB to investigate Southwest flight that departed from a closed runway in Maine
The National Transportation Safety Board and Federal Aviation Administration said on Friday it will investigate a Southwest Airlines flight that departed from a temporarily closed runway in Maine earlier this week.
Southwest Airlines (LUV) Lowers Q2 RASM View on Bookings Issue
Southwest Airlines (LUV) now expects its second-quarter revenue per available seat mile to decline in the range of 4%-4.5% year over year (previous guidance: 1.5%-3.5% decline).
Southwest Expects Lower Pricing Power as Airlines Add Capacity
Southwest Airlines is experiencing reduced pricing power because airlines have added flights and seats.
Southwest Airlines' stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.'s stock reversed early losses to trade slightly higher Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment.
Southwest cuts revenue outlook despite booming demand, blames ‘booking patterns'
Southwest said the revenue per mile outlook is worsening mostly due to the difficulty of adapting its pricing to “current booking patterns in this dynamic environment.”
