Elliott Issues Letter To Southwest Shareholders, Declares Intent To Call A Special Meeting In Coming Weeks
Portfolio Pulse from Benzinga Newsdesk
Elliott Investment Management, holding an 11% stake in Southwest Airlines, has issued a letter to shareholders expressing the need for leadership change and plans to call a special meeting. They accuse Southwest of using 'false record dates' to obstruct shareholder voting.
September 24, 2024 | 4:37 pm
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Elliott Investment Management, with an 11% stake in Southwest Airlines, is pushing for leadership change and plans a special meeting. They accuse Southwest of using 'false record dates' to hinder shareholder voting.
Elliott's significant stake and public call for leadership change suggest potential instability and negative sentiment around Southwest's governance. The use of 'false record dates' could lead to shareholder distrust, likely impacting stock negatively in the short term.
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