11:44 AM EDT, 10/21/2024 (MT Newswires) -- (Updates with Southwest Airline ( LUV ) response in the third paragraph.)

Southwest Airlines ( LUV ) and Elliott Investment Management may be nearing a truce after a public battle that has lasted over four months, Bloomberg reported Monday, citing people familiar with the matter.

The airline and the activist investor have been discussing a possible settlement that would avoid a proxy fight for control of Southwest's ( LUV ) board, the people reportedly told Bloomberg.

Southwest ( LUV ) declined to comment when contacted by MT Newswires, while Elliott didn't immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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