GLONGHUI July 3 | Southwest Airlines said it decided to adopt a “poison pill plan” after radical investor Elliott Investment Management pushed for changes in the company. The company issues one right for each common share. These rights will be traded with the airline's common shares and can be exercised if any individual or group acquires more than 12.5% of the company's shares. Shareholder rights plans are known as “poison pills,” and are used by corporate boards to block malicious takeover offers. Southwest Airlines Executive Chairman Kelly issued a statement saying, “Since the initial investment, Southwest Airlines has made a sincere effort to engage constructively with Elliott Investment Management and is open to any idea of creating lasting value.
西南航空采取“毒丸计划” 阻止激进投资者恶意收购
Southwest Airlines adopts a "poison pill plan" to prevent hostile takeovers by radical investors.
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