Southwest Strikes a Truce With the Activist Hedge Fund Elliott
16 hours ago · Oct. 24, 2024 Updated 2:03 p.m. ET. Southwest Airlines will appoint six new directors as part of a truce with Elliott Investment Management, the big activist investor seeking to shake up the ...
Southwest Airlines names new directors, enters agreement with ...
15 hours ago · They also entered an information sharing agreement to enable Southwest to share confidential information regarding company announcements. Elliott has a roughly 10% stake in Southwest which, while ...
Southwest Airlines reaches settlement with Elliott, adds ... - Dallas News
20 hours ago · Elliott has agreed to stand down from agitating against Southwest management. The standstill agreement has multiple rules that deviate Elliott’s control of the company, according to regulatory ...
Southwest Strikes Deal with Elliott, Adds Six New Board Members
20 hours ago · Southwest Airlines Co. added six new board directors in a pact with Elliott Investment Management, as the carrier seeks to address the activist’s push for changes and salvage the job of its ...
Elliott, Southwest Said to Near Settlement to Avert Board Battle
1 day ago · 1:08. Elliott Investment Management and Southwest Airlines Co. are nearing a settlement that would avoid a proxy fight for control of the carrier’s board, according to people familiar with the ...
Elliott, Southwest Airlines near deal to avert board battle, …
1 day ago · Bloomberg did not say how many board seats Elliott could get. The activist investor, with a 10% stake in Southwest, is gunning to replace eight directors and take control of the company's board ...
Southwest and Elliott near settlement which would end proxy …
2 days ago · Elliott and Southwest as recently as last week had been girding up for a proxy fight. The activist had been seeking to install 10 new directors to the carrier's board and had called for a special ...
Southwest Heard Footsteps Before Elliott Launched Proxy Fight
11 hours ago · Southwest Airlines Co. Chief Executive Officer Bob Jordan says he knew the activists were coming. He just didn’t know which one. “We knew this was a possibility,” he said in an interview Thursday. “We didn’t know it was Elliott.”. He spoke hours after the airline announced it had avoided a pending proxy fight by adding six new board ...
Elliott, Southwest Airlines near deal to avert board battle, …
1 day ago · LUV. (Reuters) -Elliott Investment Management and Southwest Airlines are close to reaching a settlement that would avert a proxy battle for control of the airline's board, Bloomberg News reported on Wednesday, citing people familiar with the matter. The parties are negotiating a deal that would grant the activist investor several board seats ...
Southwest Reaches Deal With Activist Elliott, Adding 6
19 hours ago · Key Takeaways. Southwest Airlines announced a resolution to its discussions with activist investor Elliott Investment Management that adds six new directors to the company's board. The carrier ...