Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 21 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business ニュース

Gary C. Kelly

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company.

Holiday travel ramps up ahead of 4th of July. Here are the best times to hit the road or arrive at the airportCopyright 2023 The Associated Press. All rights reserved.

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.Shareholder rights plans, or “poison pills,” allow existing shareholders to acquire shares at a discounted rate to discourage a takeover by an outside entity. Southwest's plan is triggered when a shareholder acquires 12.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 246. in JP

日本 最新ニュース, 日本 見出し