SOUTHWEST AIRLINES ADOPTS LIMITED-DURATION SHAREHOLDER RIGHTS PLAN
WEBDALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE: LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year.
Southwest Air adopts 'poison pill' as activist investor Elliott takes ...
WEBJul 3, 2024 · Shareholder rights plans, or “poison pills,” allow existing shareholders to acquire shares at a discounted rate to discourage a takeover by an outside entity. Southwest's plan is triggered...
Southwest Airlines adopts shareholder rights plan after Elliott ...
WEBJul 3, 2024 · Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.
Poison Pill: A Defense Strategy and Shareholder Rights Plan - Investopedia
WEBApr 28, 2024 · Often called a shareholder rights plan, it is meant to frustrate creeping acquisitions of control, in which the acquirer seeks to accumulate a controlling or dominant stake without...
Twitter Adopts Limited Duration Shareholder Rights Plan, …
WEBApr 15, 2022 · The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control...
Bitfarms Announces Adoption of Shareholder Rights Plan
WEBJun 10, 2024 · Bitfarms Announces Adoption of Shareholder Rights Plan. This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
Twitter Adopts Limited Duration Shareholder Rights Plan ... - Nasdaq
WEBApr 15, 2022 · The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control...
Southwest Airlines Board To Adopt Limited-duration Shareholder Rights Plan
WEBJul 3, 2024 · The rights plan, also referred to as a poison pill, aims to safeguard companies from hostile takeovers by requiring bidders to negotiate with the board rather than directly with...
Southwest Starts Rights Plan in Response to Elliott Taking Stake
WEBJul 3, 2024 · Southwest Airlines Co. has adopted a shareholder rights plan to defend against a push for a leadership overhaul by activist firm Elliott Investment Management.
Shareholder Rights Plans: Recent Trends - Dentons
WEBA shareholder rights plan is a mechanism that deters unauthorized stock accumulation by imposing substantial dilution on a shareholder that acquires shares without prior board approval in excess of a given ownership threshold (e.g., for two-tiered rights plans: 10% for Schedule 13D filers and 20% for “passive investors” who file on Schedule ...