Articles tagged “elliott management”

Airlines

Elliott Calls Southwest’s Board ‘Profoundly Out of Touch’ as Activist Campaign Heats Up

The hedge fund claims it now has multiple allies that support a leadership overhaul at Southwest.

Meghna Maharishi | 2 weeks ago

Elliott Calls Southwest’s Board ‘Profoundly Out of Touch’ as Activist Campaign Heats Up

Airlines

Southwest Adds IndiGo Co-Founder to Board in Latest Line of Defense Against Elliott

Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.

Meghna Maharishi | 2 weeks ago

Southwest Adds IndiGo Co-Founder to Board in Latest Line of Defense Against Elliott

Airlines

Southwest Tries to Fend Off Elliott With ‘Poison Pill’

Southwest is adopting a shareholder rights plan — known as a “poison pill” — to fend off Elliott from attaining a controlling stake in the company.

Meghna Maharishi | 3 weeks ago

Southwest Tries to Fend Off Elliott With ‘Poison Pill’

Airlines

Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’ 

Elliott Investment Management, which has a $2 billion activist stake in Southwest, was highly critical of the airline’s revenue forecast cut for the second quarter.

Meghna Maharishi | 3 weeks ago

Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’ 

Airlines

Southwest CEO Says He Won’t Resign Despite Elliott’s Activist Pressure

Jordan’s comments come just days after Elliott took a nearly $2 billion stake in Southwest, making it one of the airline’s largest investors.

Meghna Maharishi | 1 month ago

Southwest CEO Says He Won’t Resign Despite Elliott’s Activist Pressure

Airlines

Southwest Defends Strategy Amid Activist Pressure

Southwest said it is confident in its strategy and leadership team as Elliott is pushing for the airline to replace its CEO and chairman.

Meghna Maharishi | 1 month ago

Southwest Defends Strategy Amid Activist Pressure

Travel Technology

Travelport Raises $570 Million and Adds New Owners

Travelport has now received $770 million in private equity this year.

Justin Dawes | 8 months ago

Travelport Raises $570 Million and Adds New Owners

Hotels

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

An investment vehicle backed by Elliott Management has invested in hotels, following similar moves by other big-money firms. Fun fact: The $370 million deal coincides with the acquisition of U2's The Clarence Hotel.

Sean O'Neill | 9 months ago

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

News Blog

Travelport Owners Inject $200 Million to Sustain Its Travel Tech Growth

Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held company didn't disclose its financial performance other than to say it had achieved "a strong first-quarter performance." The investment may have partly helped Travelport to…

Sean O'Neill | 1 year ago

Travel Technology

Mondee Reportedly Gets $20 Million From Travelport Owners to Support Going Public

Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.

Sean O'Neill | 2 years ago

Mondee Reportedly Gets $20 Million From Travelport Owners to Support Going Public