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Top Southwest shareholder signals support for Elliott activist campaign

Jun 12, 2024, 2:54 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Artisan Partners supports Elliott Management's effort to remove Southwest Airlines' CEO and executive chairman. - Artisan owns a 1.8% stake in Southwest Airlines, making them the 10th-largest shareholder. - Elliott Management holds an economic interest of $1.9 billion in Southwest Airlines. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Corporate Developments

  • Artisan Partners supports Elliott Management's effort to remove Southwest Airlines' CEO and executive chairman.
  • Artisan owns a 1.8% stake in Southwest Airlines, making them the 10th-largest shareholder.
  • Elliott Management holds an economic interest of $1.9 billion in Southwest Airlines.

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