Southwest Airlines Lays Out Overhaul, and Stock Gains
WEB5 days ago · Elliott Management has gained a 10 percent stake in Southwest Airlines. ... Elliott said. Southwest’s share price was just over $30 on Thursday morning. ... News outlets are experimenting with a ...
SOUTHWEST AIRLINES RESPONDS TO ELLIOTT MANAGEMENT'S …
WEBDALLAS, Sept. 24, 2024 /PRNewswire/ -- – Southwest Airlines Co. (NYSE: LUV) (the "Company") today issued a response to Elliott Investment Management L.P.'s ("Elliott") recent Shareholder letter and provided an update on its engagement with Elliott ahead of the Company's long-planned Investor Day set for Thursday, September 26:. Elliott Engagement Update
Elliott Sends Letter and Presentation to the Board of Southwest …
WEBJun 10, 2024 · Elliott has made an investment of approximately $1.9 billion in Southwest Airlines ("Southwest" or the "Company"), representing an approximately 11% economic interest and making us one of...
Southwest Airlines Agrees to Board Changes After Pressure From …
WEBSep 10, 2024 · Southwest Airlines on Tuesday announced an overhaul of its board of directors, including the planned departure of its executive chairman, Gary Kelly, after a meeting with a hedge fund that has...
An investment firm has taken a $1.9 billion stake in Southwest …
WEBJun 10, 2024 · DALLAS (AP) — Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.
Elliott to call for Southwest special meeting 'as soon as next week'
WEBSep 24, 2024 · Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shake-up that it hoped might ...
Southwest Airlines shakes up its board under ... - Associated Press …
WEBSep 10, 2024 · Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline including Jordan’s ouster.
Elliott Sends Letter to the Board of Southwest Airlines - PR Newswire
WEBJul 8, 2024 · Elliott noted that the actions of Southwest's Board of Directors and management team since its Stronger Southwest materials were published have only solidified the case for leadership...
Southwest Air adopts ‘poison pill’ as activist investor Elliott takes ...
WEBJul 3, 2024 · Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company. The airline said Wednesday, July 3, 2024, that the shareholder rights plan is effective immediately and expires in a year.
Southwest’s CEO just oversaw a massive board shakeup—but …
WEB2 days ago · Southwest’s board authorized $2.5 billion in share buybacks Thursday to help fend off Elliott's pressure. The airline also announced former Spirit Airlines CEO Bob Fornaro would join the board ...