Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports By Reuters

(Reuters) – Elliott Funding Administration and Southwest Airways (NYSE:) are near reaching a settlement settlement that may avert a proxy battle over management of the airline’s board, Bloomberg Information reported on Wednesday, citing individuals aware of the matter.

The events are negotiating a deal that may grant the activist investor a number of board seats however fewer than a majority, the report mentioned, including {that a} settlement may very well be introduced as quickly as Thursday.