Southwest Airlines, Elliott Investment Management
Southwest Airlines Director Rakesh Gangwal Invests Over $100M In Shares Amid Elliott Management's Pressure For Leadership Changes
Rakesh Gangwal, a director at Southwest Airlines Co (NYSE:LUV), has made a significant investment in the company by acquiring 3.6 million shares, valued at over $100 million. This purchase comes amid mounting pressure from activist investor Elliott Investment Management for changes in leadership.
A Southwest Airlines director bought $100 million in stock to fight activist investor Elliott
Southwest Airlines (LUV) just got a big endorsement of its turnaround plan — from the inside. Reuters reports that board of directors member Rakesh Gangwal, the founder of the Indian budget airline Indigo,
Elliott Investment Management L.P.'s Strategic Acquisition in Southwest Airlines Co
Elliott Investment Management L.P. (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 3,028,000 shares of Southwest Airlines Co (NYSE:LUV). This transaction, executed at a price of $29.
Southwest Air Rises After Billionaire Gangwal Buys $108 Million of Shares
Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thursday.
Rakesh Gangwal buys shares valued at over $100 million in southwest airlines
Rakesh Gangwal, co-founder of IndiGo Airlines, has invested over $100 million in Southwest Airlines by purchasing 3.6 million shares, aligning his interests with the airline's shareholders. This significant investment supports Southwest Airlines' growth strategy and positions Gangwal as a key player in shaping the airline's future.
$108 million! IndiGo co-founder Rakesh Gangwal bought shares in this US-based airline
Southwest Airlines Co. shares rose more than 3 per cent after board member and billionaire co-founder of InterGlobe Aviation (IndiGo), Rakesh Gangwal, purchased around $108 million worth of the company’s shares.
Southwest new director Gangwal buys $100M stock, urges no more leadership shifts
Southwest Airlines (NYSE:LUV) board member Rakesh Gangwal, appointed during increased pressure from activist investor Elliott Investment Management, recently purchased over $100 million worth of company stock,
Southwest Airlines gains after a key board member invests $107M, backs current management
Southwest Airlines (LUV) stock rises in premarket trading as insider Rakesh Gangwal buys $106.7 million worth of shares, showing support for
Activist hedge fund Elliott slams Southwest CEO Bob Jordan as shares soar 7%
The activist hedge fund – led by billionaire Paul Singer – encouraged shareholders to call back their shares and reaffirmed ...
When Elliott Management calls, CEOs and boards listen. Southwest Airlines’ line is ringing
Southwest isn’t the only Texas company Elliott has invested in.
Elliott-Led Group Named As Winner of Auction to Acquire Venezuela’s Citgo Petroleum
Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo’s parent company, with proceeds set ...
Citgo share auction creditors oppose terms of Elliott-affiliate's bid
Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for ...
Elliott to call for Southwest Airlines special meeting 'possibly as soon as next week'
The latest push comes just two weeks after Southwest announced a sweeping revamp of its board in hopes of preventing a proxy ...
Elliott Affiliate Wins Citgo Auction With $7.3 Billion Bid
An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 ...
Southwest raises revenue outlook, reveals changes under pressure from activist hedge fund Elliott
The company says its business plan will rake in an additional $4 billion in earnings before interest and taxes by 2027.
Exxon Director Joins Elliott Group Seeking to Acquire Citgo Petroleum
Goff, who joined Exxon in 2021 as part of a dissident slate of directors, was on Friday identified as CEO of Amber Energy, an ...