Southwest’s feud with Elliot heats up ahead of investor day | News
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Southwest Airlines’ increasingly acrimonious public feud with minority shareholder Elliot Investment Management has heated up a notch just days before the carrier is scheduled to update investors on its strategy.
The private equity firm, which now holds 11% of the Dallas-headquartered airline’s outstanding shares, early on 25 September published a strongly worded letter to fellow investors accusing the Southwest board of incompetence.
It calls for a special investor meeting in the coming weeks to “make you aware of certain defensive actions that …