Elliott Investment Management now owns 10% of common stock in Southwest Airlines, crossing the threshold to hold a special meeting.
Elliott Investment Management now owns 10% of common stock in Southwest Airlines, crossing the threshold to hold a special meeting.
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.
Southwest Airlines announced Monday it is adding longtime airline executive and IndiGo co-founder Rakesh Gangwal to its board of directors.
IndiGo’s co-founder Rakesh Gangwal and his family have disclosed they would sell up to $450 million of shares in the budget carrier’s parent holding, InterGlobe Aviation. That represents about 4% of his stake and would be the largest block deal yet by Gangwal.
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