Southwest Gas Holdings, Inc. (SWX) and activist investor Carl Icahn have reached an amended cooperation agreement, which includes the appointment of Icahn designees to the company’s board committees. This agreement has implications for Southwest Gas’s future strategic decisions and could influence share price performance. We analyze the agreement’s details, its potential impact on Southwest Gas’s stock, and provide insights for investors.
Southwest Airlines is facing a shareholder battle with Elliott Investment Management, who is demanding board changes and a management refresh. The activist investor has launched a podcast series to promote its nominees, while Southwest maintains its focus on a ‘Southwest. Even Better’ plan to transform its business. This news comes as Southwest stock experiences a surge.
Elliott Investment Management, an activist investor, has demanded a special shareholder meeting at Southwest Airlines and nominated eight directors to the board. This move follows Elliott’s acquisition of a significant stake in the airline and its persistent push for changes to improve Southwest’s profitability and governance. The activist investor’s actions come as Southwest grapples with recent struggles and attempts to implement its new turnaround plan.
Jana Partners, a significant shareholder in Wolfspeed, has sent a letter urging the company to evaluate strategic alternatives to improve shareholder value. This could include a potential sale, as Wolfspeed’s stock price has declined significantly in recent months. Jana believes that a comprehensive review is necessary to address the company’s challenges, including missed financial milestones and concerns about capital allocation. The letter also calls for a focus on operational execution and realistic targets to enhance returns on investment.
