Activist investor Elliott Investment Management acquires a $2B stake in Southwest Airlines to push for improvements.
Activist investor Elliott Investment Management has acquired a nearly $2 billion stake in Southwest Airlines, aiming to push for changes to improve the airline's underperformance, according to the Wall Street Journal. Elliott is now one of Southwest's largest investors, with a market capitalization of $16.6 billion. The firm plans to engage with Southwest's management to recommend changes, though specifics have not been disclosed.
June 10, 2024
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