Southwest Airlines Co. (LUV)
Activist investor threatens Southwest Airlines with board fight: ‘Profoundly out of touch'
Elliott, known for pushing changes to boost shareholder returns, has called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.
Southwest Airlines activist Elliott threatens proxy fight for new leadership
Elliott told Southwest's board that, barring a dramatic change in attitude, it would seek to give shareholders a "direct say" in effecting leadership change at the struggling airline. The activist suggested it would call for a special meeting of shareholders, something big shareholders can do at the airline.
Southwest adds former US Airways CEO to board as it battles activist
Southwest added a new director to its board as it seeks to stave off activist Elliott Management. The airline announced that it would add Rakesh Gangwal, a longtime airline executive and founder, to its board, less than a week after it adopted a so-called "poison pill" to contain Elliott from growing its 11% economic interest.
Southwest Airlines: How Can Elliott Help? (Technical Analysis)
Southwest Airlines: How Can Elliott Help? (Technical Analysis)
Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
Since Elliott Management announced its $1.9 billion stake in Southwest Airlines in June, the stock is down slightly. The activist hedge fund has never run a campaign at an airline before, but there are similarities with two of its past investments, at Suncor and Marathon.
Southwest Airlines Adopts a Poison Pill Plan: 7 Things to Know
Southwest Airlines (NYSE: LUV ) is in the news Wednesday after the airline company adopted a poison pill plan. Let's go over everything investors need to know about this poison pill plan below!
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.
3 Undervalued Stocks Poised for a Jaw-Dropping Breakout
When it rains, it pours. However, the storm will eventually pass.
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.
