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2 dni temu · Follow. July 3 (Reuters) - Southwest Airlines (LUV.N) adopted a so-called "poison pill" to deter Elliott Investment Management from raising its stake in the carrier after the activist investor ...
3 dni temu · Southwest Airlines Co. said it’s adopted a rights plan that aims to prevent what it called “de facto or negative control” of the airline without compensating other shareholders, responding ...
3 dni temu · Southwest Airlines Co. has adopted a shareholder rights plan to defend against a push for a leadership overhaul by activist firm Elliott Investment Management.
3 dni temu · Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company. The airline said Wednesday that the shareholder rights plan is effective immediately and expires in a year. Southwest shareholders would need to give prior approval for an extension.
12 godz. temu · Southwest has taken steps to defend itself. On Wednesday, the airline adopted a so-called poison pill that would activate if any shareholder acquired an interest of more than 12.5%, limiting ...
3 dni temu · Armed poison pill Southwest Airlines detailed that when the rights plan will impose “significant dilution” once any person or group purchases 12.5% or more of the airline’s shares without the prior approval of the board, with the owner of such an economic interest in the company becoming the ‘acquiring person.’. As a result, they would be unable to exercise their shares, which ...
3 dni temu · DALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE: LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year.
