Workflow
Activist Elliott Investment Has Sufficient Southwest Stake To Call Meeting
LUVSouthwest Airlines(LUV) Investopedia·2024-09-03 19:05

Key TakeawaysElliott Investment Management disclosed Tuesday that it has more than 10% ownership of Southwest Airlines, giving it the right to call a special meeting.The hedge fund has been critical of the airline's management, and has announced a slate of candidates for Southwest's board.Southwest has rejected Elliott's efforts, recently adopting a so-called "poison pill" defense to deter the firm from gaining enough shares to win control or take over the airline without the board's consent. Shares of Sout ...