Elliott Investment Management has now acquired more than 10% of Southwest Airlines (WN, Dallas Love Field) common stock, according to a September 3, 2024, filing with the US Securities Exchange Commission. According to Southwest’s bylaws, passing that threshold gives a shareholder the right to call a special meeting of shareholders.

Frequently tagged as an activist investment fund, Elliott had acquired a circa 11% stake, worth roughly USD1.9 billion, in Southwest through derivatives but has now converted enough of those to…

Source: ch aviation
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