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Elliott Requests December 10 Meeting to Replace Southwest Airlines Board Members, Stock Rises 1.2%

Oct 14, 2024, 12:37 PM

Elliott Management has requested a special shareholder meeting at Southwest Airlines, officially initiating the activist investor's first US proxy fight since 2017. The meeting, scheduled for December 10, aims to replace eight board members. Elliott, which holds an 11% stake in Southwest Airlines, previously met with the airline to discuss these changes. The news, reported by Bloomberg News, has led to a 1.2% pre-market rise in Southwest's stock price.