Elliott Investment Management plans to nominate a slate of candidates for Southwest Airlines Co.’s board, escalating the activist investor’s push for sweeping changes at the struggling carrier, according to a person familiar with the matter. Elliott will nominate as many as 10 directors and call a special meeting for investors to vote on the nominees,
In the first half of the year, 449 U.S. companies were subject to demands from activist investors, a 9% jump compared to the first half last year. And hedge funds are taking swings at big targets. More than half the demands made to companies in the first half were at large-caps with market values of
It’s not every day that a firm tells shareholders to disavow any and all comments from its parent company’s largest shareholder and CEO. But that’s exactly what Pershing Square USA, Ltd., did on Thursday when it threw Wall Street speculator Bill Ackman under the bus. In a letter marketing his new closed-end activist hedge fund to
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 20 through June 26, 2024. Source:
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 6 through June 12, 2024. Source: