Southwest agrees activist investor Elliott can own up to 19.9% stake until 2026
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Southwest Airlines has agreed to allow activist investor Elliott Management to own up to a 19.9% stake in the company until 2026. This comes as Southwest is undergoing a transformation, which includes its first-ever involuntary layoffs.
February 19, 2025 | 12:30 pm
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Southwest Airlines has agreed to let Elliott Management own up to 19.9% of its shares until 2026. This decision is part of a broader transformation strategy, which includes the company's first involuntary layoffs.
The agreement with Elliott Management indicates a significant shift in Southwest's shareholder structure, potentially impacting governance and strategic decisions. However, the immediate stock price impact is uncertain as the market may already have priced in the transformation efforts and layoffs.
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