Southwest Chooses ‘Poison Pill’ Response To Activist Investor Elliott

SWA 737-8 on tarmac
Credit: Southwest Airlines
Taking a defensive position against its newest large stakeholder—activist investor Elliott Investment Management—Southwest Airlines has adopted a shareholder Rights Plan, a so-called “poison pill” tactic, aimed at deterring hostile takeovers. Elliott disclosed an 11% stake in the airline in June but...
Christine Boynton

Christine Boynton is a Senior Editor covering air transport in the Americas for Aviation Week Network.

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