Elliott Investment Management now holds 10% of Southwest Airlines’ common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, Reuters’ Svea Herbst-Bayliss reports, citing a person familiar with the matter. The news comes days before the two sides are scheduled to meet on Sept. 9 to discuss ways to solve problems that have contributed to Southwest’s stock losing roughly half its value over the last three years.
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