Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair

The stake makes Elliott one of Southwest’s largest shareholders. Shares of Southwest were up 7% in premarket trading Monday.

Jun 11, 2024 - 00:00
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Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
The stake makes Elliott one of Southwest’s largest shareholders. Shares of Southwest were up 7% in premarket trading Monday.