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 Nieuws

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.

 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 246. in NL

Nederland Laatste Nieuws, Nederland Headlines