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Monthly Archives for July 2024.

Southwest Airlines Goes To War Against Elliott Capital, Adopts “Poison Pill” To Fend Off Takeover

Jul 03 2024

Elliott Capital took nearly a $2 billion stake in Southwest Airlines. They are seeking to replace top management and turn the airline into something closer to major competitors like American and JetBlue by charging for bags and creating basic economy fares.

To fend off Elliott Capital from gaining a controlling stake in the carrier, the airline has adopted a ‘shareholder rights plan’ – also known as a ‘poison pill’.

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