SOUTHWEST AIRLINES ADOPTS LIMITED-DURATION SHAREHOLDER RIGHTS PLAN
WEBDALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE: LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year.
Southwest Air adopts 'poison pill' as activist investor Elliott takes ...
WEBJul 3, 2024 · Shareholder rights plans, or “poison pills,” allow existing shareholders to acquire shares at a discounted rate to discourage a takeover by an outside entity. Southwest's plan is triggered...
SOUTHWEST AIRLINES ADOPTS LIMITED-DURATION SHAREHOLDER RIGHTS PLAN
WEBDALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE: LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan...
Southwest Air adopts 'poison pill' as new ... - Associated Press News
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 Adopts 'Poison Pill' Shareholder Rights Plan - Investopedia
WEBJul 3, 2024 · Southwest Airlines on Wednesday implemented a so-called “poison pill” shareholder rights plan to prevent activist Elliott Investment Management from acquiring additional shares.
Southwest Starts Rights Plan in Response to Elliott Taking Stake
WEBJul 3, 2024 · Southwest Airlines Co. has adopted a shareholder rights plan to defend against a push for a leadership overhaul by activist firm Elliott Investment Management.
Southwest Airlines Approves Shareholder Rights Plan After Elliott ...
WEBJul 3, 2024 · Southwest Airlines approved the adoption of a limited-duration shareholder rights plan after Elliott Investment Management said it acquired an 11% stake in the company.
Southwest Airlines Board To Adopt Limited-duration Shareholder Rights Plan
WEBJul 3, 2024 · The rights plan, also referred to as a poison pill, aims to safeguard companies from hostile takeovers by requiring bidders to negotiate with the board rather than directly with...
Southwest Air Adopts Poison Pill to Counter Activist Elliott (3)
WEBJul 3, 2024 · Southwest Airlines Co. has adopted a shareholder rights plan to defend against a push for a leadership overhaul by activist firm Elliott Investment Management. 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 ...
Southwest Tries to Fend Off Elliott With ‘Poison Pill’ - Skift
WEBJul 3, 2024 · Southwest is adopting a shareholder rights plan — known as a “poison pill” — to fend off Elliott from attaining a controlling stake in the company. Meghna Maharishi. Summarize this story....