Elliott Investment Management said Monday that it is requesting a December 10 special meeting for Southwest Airlines shareholders, kicking off the hedge fund’s first proxy fight since 2017.
Elliott Investment Management said Monday that it is requesting a December 10 special meeting for Southwest Airlines shareholders, kicking off the hedge fund’s first proxy fight since 2017.
Elliott Investment Management has ramped up its battle with Southwest Airlines by formally calling for a special shareholder meeting on December 10, during which shareholders could vote for a new set of directors to steer the company’s strategy.
It hasn’t been an easy year for Southwest Airlines.
Elliott Investment Management said Tuesday it would call for a special meeting at Southwest Airlines as soon as next week.
Southwest Airlines’ activist investor is ramping up the pressure on the carrier’s leadership team. Late on Tuesday, Elliott Investment Management published a list of ten candidates that it wants to see on Southwest’s board. It said this followed a “months-long global search.”
Activist investor Elliott Investment Management fired back at Southwest Airlines Monday for adopting a “poison pill” and appointing a new director to its board.
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