Southwest Airlines Fights Back Against Activist Investor With Poison Pill -- Barrons.com

By Brian Swint Southwest Airlines said it has adopted a shareholder-rights plan to make it harder for activist Elliott Investment Management to build a controlling stake in the firm. The plan gives

Barron's19minutes ago

'Poison Pill' Activated: Southwest Airlines Counters Elliott Investment's Move With Defense Strategy

Southwest Airlines Company (NYSE:LUV) has implemented a limited-duration shareholder rights plan in response to an 11% stake by Elliott Investment Management.Gary Kelly, Executive Chairman of the Boar

Benzinga23minutes ago

Southwest Airlines adopts a "poison pill plan" to prevent hostile takeovers by radical investors.

On July 3rd, Golonghui reported that after activist investor Elliott Investment Management pushed for change in the company, Southwest Airlines decided to adopt a "poison pill plan." The company issued one right for each ordinary share. These rights will be traded with the ordinary shares of the airline. If any individual or group acquires more than 12.5% of the company's shares, they can exercise these rights. The shareholder rights plan is called a "poison pill" and is used by corporate boards of directors to prevent hostile takeover bids. Southwest Airlines' CEO Kelly issued a statement since the initial investment.

Gelonghui Finance26minutes ago

Express News | Southwest Airlines Co: Issuing One Right for Each Share of Common Stock

Breakings18:58

Express News | Southwest Airlines: Rights to Initially Trade With Common Stock, Become Exercisable Only IF Party Buys 12.5% or More of Co's Outstanding Common Stock

Breakings18:58

Southwest Airlines Adopts Poison Pill After Elliott Pushes for Changes

Yahoo Finance18:54