“In light of the potential for Elliott to significantly increase its position in Southwest Airlines, the board determined that adopting the rights plan is prudent to fulfill its fiduciary duties to all shareholders," Southwest Chairman Gary Kelly said in a statement.
Southwest Air adopting 'poison pill' as activist investor Elliott takes significant stake in company
→
Southwest Chairman Gary Kelly said Monday in prepared remarks that Blunt's experience as chairman of the Senate aviation subcommittee would be helpful to the airline.
Southwest Airlines adds former Republican Sen. Roy Blunt of Missouri to its board of directors
→