Americas

Elliott's buys $2bn stake in Southwest; airline's shares soar

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Elliott's buys $2bn stake in Southwest; airline's shares soar

American-based activist investor Elliott Investment Management has bought a $1.9bn stake in Southwest Airlines. Following reports, the low-cost carrier's shares rose approximately 7% in premarket trade on June 10, 2024. According to the Wall Street Journal, Elliott is one of Southwest's largest inv...

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