On July 3, Guolong News reported that Southwest Airlines announced the adoption of a "poison pill plan" after activist investor Elliott Investment Management pushed for reform. The company issued one right for each common share. These rights will be traded with the airline's common stock, and if any individual or group acquires more than 12.5% of the company's shares, they can exercise these rights. Shareholder rights plans, also known as "poison pills", are used by corporate boards of directors to prevent hostile takeover bids. Southwest Airlines CEO Kelly stated in a statement: Since the initial investment, Southwest Airlines has been sincerely trying to have constructive communication with Elliott Investment Management and is open to any ideas that create 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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