Previous Close | 20.88 |
Open | 20.88 |
Bid | 18.45 |
Ask | 22.50 |
Strike | 50.00 |
Expire Date | 2026-01-16 |
Day's Range | 20.88 - 20.88 |
Contract Range | N/A |
Volume | |
Open Interest | 6 |
Southwest Airlines (LUV) stock is in focus after Elliott Investment Management officially kicks off a proxy battle for board control, requesting a special shareholder meeting in December. Seana Smith and Brad Smith outline what investors need to know on Morning Brief. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
The second largest shareholder of Southwest Airlines on Monday called for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline's board. Elliott Management, which has been highly critical of Southwest in recent months, is pushing for leadership changes and an overhaul of the company’s strategy. “Absent a thorough reconstitution of its board, the story of Southwest will remain one of empty promises and unfulfilled potential,” Elliott said in a release naming its proposed directors.
(Bloomberg) -- Elliott Investment Management has called for a special shareholder meeting at Southwest Airlines Co., officially kicking off the firm’s first US proxy fight since 2017.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingHow Mexico City Averted All-Out DroughtThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: Brusselizati