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Market
Impact of settlement on Southwest's strategy by end of 2024
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Story
Elliott and Southwest Airlines Near Settlement to Avoid Proxy Fight, Nominate Five Directors
Oct 24, 2024, 08:42 AM
Elliott Investment Management and Southwest Airlines Co. are nearing a settlement to avoid a proxy fight for control of the carrier’s board. The agreement, which is expected soon, will allow Elliott to nominate five directors to Southwest's board. This deal comes after a four-month battle between the activist investor and the airline. The settlement aims to address Elliott's push for changes within Southwest Airlines. The truce ends an acrimonious four-month battle.
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