Southwest Airlines Ends Feud With Activist Investor Elliott

WSJ ($) (October 24, 2024) -- Southwest Airlines struck a truce with Elliott Investment Management, giving the activist a significant presence on its board but not the majority control the hedge fund initially sought.

The settlement announced Thursday deflects a potentially rancorous proxy fight and ends the acrimonious four-month battle over whether Southwest’s management is capable of pulling the airline out of a funk. 

https://www.wsj.com/business/airlines/southwest-airlines-ends-feud-with-activist-investor-elliott-909c1c6f