Southwest Airlines Gets an Activist. Why Elliott Can Only Help

S outhwest Airlines stock was higher on Monday after activist investor Elliott Investment Management said it had built a $1.9 billion stake, making it one of the company’s largest …

CouponFollow Extension

$1
OFF

Southwest Airlines Gets An Activist. Why Elliott Can Only Help

1 day from now

S outhwest Airlines stock was higher on Monday after activist investor Elliott Investment Management said it had built a $1.9 billion stake, making it one of the company’s largest …

msn.com

$2
OFF

Southwest Airlines Gets An Activist. Why Elliott Can Only Help Fix …

1 day from now

Jun 10, 2024 · Why Elliott Can Only Help Fix Half Its Problems. What to Know Elliott Investment Management has built a stake worth nearly $2 billion in Southwest, making it one of the …

barrons.com

$1
OFF

‘Too Little, Too Late’: Activist Investor Elliott Still Wants Southwest ...

1 day from now

Jul 26, 2024 · Southwest Airlines has laid out a plan for sweeping changes to its business model. But an investment group with a $1.9 billion stake in the airline is still clamoring for a change in …

forbes.com

11%
OFF

Activist Elliott Lays Out How To Fix Southwest Airlines And Its Stock

1 day from now

Aug 26, 2024 · Elliott, which has about an 11% stake in Southwest (LUV), said that the company's leadership has been "inadequate" and has "stubbornly" adhered to antiquated business …

morningstar.com

11%
OFF

Amid Tussle With Southwest Airlines, Activist Investor ... - Benzinga

1 day from now

Oct 21, 2024 · In a strategic move, Elliott Investment Management has launched a podcast targeting Southwest Airlines Co. LUV shareholders. The activist firm, which holds an 11% …

benzinga.com

11%
OFF

Southwest Airlines Threw In The Towel In Its Fight Against Activist ...

1 day from now

Oct 24, 2024 · In June, Elliott announced it had acquired an 11% stake in Southwest, launching a campaign to turn around the airline’s foundering performance. Its plans included nominating a …

yahoo.com

FAQs about Southwest Airlines Gets an Activist. Why Elliott Can Only Help Coupon?

What happened between Southwest Airlines & Elliott investment management?

The four-month feud between Southwest Airlines and hedge fund Elliott Investment Management is over — at least, for now. Southwest and Florida-based Elliott settled their feud on Oct. 24 with a truce to give the activist investor strong influence on the carrier’s board, but preserve Southwest’s leadership. ...

Will Elliott turn over Southwest Airlines leadership?

Activist hedge fund Elliott Investment Management doubled down on its calls to turn over Southwest Airlines leadership in a letter to shareholders. Elliott, headed by billionaire investor Paul Singer, has gained a reputation for turning around downtrodden companies with a sometimes aggressive approach. ...

What did Elliott say about southwest's leadership?

Elliott called out leadership, demanded new board members and critiqued some of Southwest’s signature offerings, calling for a business review. Neither Southwest nor the company’s leadership came away unscathed. ...

Will Elliott stop criticizing southwest?

Elliott has agreed to stop publicly criticizing Southwest management for a time. The standstill agreement has multiple rules that restrict Elliott’s control of the company, according to a regulatory filing. For example, it places restrictions on acquisitions to voting securities, calling for a meeting of shareholders and more. ...

How did southwest react to Elliott's investment?

The firm has a roughly 11% interest including derivatives. Southwest reacted to Elliott’s investment by adopting a shareholder rights plan, or poison pill, that would kick in after an investor acquires 12.5% or more of the stock and allow other shareholders to buy more stock at a discount to try to prevent a takeover. ...

Does southwest share information with Elliott?

Under the cooperation agreement between the two firms, Elliott has agreed to a number of provisions, including an information sharing agreement that allows Southwest to share confidential information regarding upcoming company announcements and other matters with the activist. ...