Southwest Air adopts 'poison pill' as new majority investor …
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 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 that the shareholder rights plan is effective immediately and expires in a year. Southwest shareholders would need to give prior approval for an extension.
Southwest Airlines adopts 'poison pill' after Elliott pushes for ...
WEBFollow. July 3 (Reuters) - Southwest Airlines (LUV.N) adopted a so-called "poison pill" to deter Elliott Investment Management from raising its stake in the carrier after the activist investor ...
Southwest adopts poison pill in Elliott defense move - Axios
WEBJul 3, 2024 · Southwest adopts poison pill. Southwest Airlines said it has adopted a shareholder rights plan in an effort to prevent Elliott Management from building a bigger stake in the company. Why it matters: The move signals the company is fixing for a fight.
Southwest Airlines tagged in a billionaire board member
WEB2 days ago · Under the “poison pill” adopted last week, the acquisition of at least 12.5% of the airline’s common stock would trigger the issuance of rights allowing existing investors to buy shares at a ...
Southwest Airlines adopts shareholder rights plan after Elliott ...
WEBJul 3, 2024 · A rights plan, also known as a “poison pill,” protects companies from hostile takeovers as it forces a bidder to negotiate with the board and not directly with shareholders, enabling them to...
Southwest Air Adopts Poison Pill to Counter Activist Elliott
WEBJul 3, 2024 · Commonly known as a “poison pill,” the plan aims to dissuade what Southwest called “de facto or negative control” of the airline without compensating other shareholders, the airline said in a...
Southwest Airlines approves 'poison pill' as Elliott Investment …
WEBJuly 3 (UPI) -- Southwest Airlines said Wednesday it decided to adopt a limited-duration shareholder rights plan that will expire in one year in an effort to counter an attempt by Elliott...
Southwest Airlines adopts 'poison pill' after Elliott Management ...
WEBJul 3, 2024 · Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.
Southwest Airlines Adopts Poison Pill to Keep Elliott at Bay
WEBJul 3, 2024 · Southwest Airlines (LUV) adopted a shareholder-rights plan as it seeks to fend off activist investor Elliott Investment Management. The poison pill would kick in if an investor acquires at least ...
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