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Southwest and Elliott near settlement which would end proxy fight, source says
A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California.
Kevin Carter | Getty Images
Activist investor Elliott Investment Management and Southwest Airlines are close to a settlement deal that would give the dissident sizable representation on the company’s board, according to a person familiar with the matter.
The settlement could be announced as soon as Thursday, said the person. A spokesperson for Southwest did not immediately return requests for comment. An Elliott spokesperson declined comment.
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