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The Latest Breaking News from Elliott

Southwest Airlines' Succession-style boardroom battle

An activist investor in the airline has been making bold announcements.

The Street

Stock Market Today: Dow Gains 242 Points After Encouraging CPI Data

The Nasdaq Composite ended flat, though, as Alphabet sold off on more regulatory woes.

Kiplinger

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

Kiplinger

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Ousted Starbucks CEO will get millions on the way out

The coffee chain hasn’t disclosed outgoing CEO Laxman Narasimhan’s termination agreement, but he has millions on the table to smooth his exit.

Fortune

Elliott Investment Management Launches Proxy Fight With Southwest Airlines

Elliott Investment Management challenges Southwest Airlines' board due to performance issues, proposing significant changes.

Top News

Firm says Nvidia's skyrocketing AI valuation is in a 'bubble' and 'overhyped' — Elliott says AI apps are not viable

Elliot Management follows Sequoia Capital's assessment that AI is overhyped, which makes Nvidia's stock a bubble.

Tom’s Hardware

Nvidia: Tech stocks take a pounding as hedge fund Elliott warns AI is in ‘bubble land’

Intel suffers its single biggest one-day drop in decades, as sentiment sours amid overextended valuations and a darkening economic outlook.

Fortune

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Southwest Airlines' major investor is still mad

The investment firm recently acquired a $1.9 billion stake.

The Street

Southwest's Gary Kelly is fighting off an activist bid with a poison pill after piloting the airline through COVID

Elliott Management is seeking to oust CEO Bob Jordan and Kelly after disclosing a $1.9 billion stake.

Fortune

Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

The Independent UK

Stock Market Today: Stocks Close Higher Ahead of Fed, May CPI

Monday was a quiet session for the main indexes but this week's Fed meeting and a key inflation update could create fireworks.

Kiplinger

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

The Independent UK

Southwest Airlines Stock Soars on Elliott Investment Stake

Elliott Investment Management revealed a massive stake in Southwest Airlines and plans to push for several changes. Here's what you need to know.

Kiplinger

Does Activist Investing Work? These Success Stories Say Yes

Activist investors take stakes in companies to boost shareholder value. While not always successful, these five examples show activist investing can work.

Kiplinger

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The Guardian - UK

Anglo American rejects £31bn takeover offer from mining rival BHP

All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’

Evening Standard

Strong Currys sales raise prospect of new bids

Two would-be buyers withdrew from the running to buy Currys last week, but analysts said new bids could emerge

The Guardian - UK

US investor Elliott ends bid to buy UK retailer Currys

Bidder says multiple attempts to engage with high street group’s board were rejected

The Guardian - UK

Reddit aims for $6bn stock float; bitcoin at new record high – as it happened

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help bitcoin rally above $71,800

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Evening Standard

FTSE 100 Live: Index closes up 0.1% after late rally ahead of tomorrow's jobs data, Currys bidder withdraws

Markets are digesting what the latest jobs and wages figures mean for the prospect of interest rate cuts, as ONS figures showed unemployment ticked up to 3.9% but annual wage growth remains higher than the Bank of England’s liking at 6.1%.

The Guardian - UK

Currys rejects higher £742m offer from US group Elliott

UK electronics retailer’s board says bid from Waterstones owner undervalues the company

The Guardian - UK

Currys board should play hardball with opportunistic bidders

Electricals retailer is worth more than US hedge fund Elliott’s offer and should look for close to £1bn

The Guardian - UK

Currys shares soar as Chinese online retailer enters takeover battle

JD.com weighing up offer after UK electrical retailer rejects £700m bid from US private equity group Elliott

Evening Standard

FTSE 100 Live 19 February: Blue-chips close at five-month high, Treasury sells more of NatWest, Currys bid war

The FTSE 100 is set for a steady start today, after its highest close of 2024 yesterday.

The Guardian - UK

Currys rejects takeover bid from US investment group Elliott

Electrical goods retailer says £700m offer ‘significantly undervalued the company and its future prospects’

Top News

Elliott's Elliott's Top News Billion Match Stake Sparks Tinder's Fiery Future! Billion Match Stake Sparks Tinder's Fiery Future!

Swipe-right for excitement! Activist investor Elliott makes a bold move, acquiring a massive Elliott's Top News Billion Match Stake Sparks Tinder's Fiery Future! billion stake in Match Group, the parent company of popular...

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