Activist Elliott, Southwest Airways to start settlement discussions, Bloomberg Information stories

(Reuters) -Elliott Funding Administration and Southwest Airways (NYSE:) have begun discussing a possible settlement that will keep away from a proxy struggle for management of the airline’s board, Bloomberg Information reported on Saturday, citing folks acquainted with the matter.

Elliott has proposed a framework that will give it illustration on Southwest’s board however not management, the folks mentioned, including that the talks, which have been progressing towards a decision as of Saturday, haven’t been finalized and will fall by.

Southwest and Elliott didn’t instantly reply to a Reuters’ request for remark.

On Monday, the hedge fund formally referred to as for the particular assembly to be held on Dec. 10 and submitted proposals to switch eight administrators and take management of the board.

The corporate mentioned it tried to achieve a decision to keep away from a struggle and famous that the timing of the proposed particular assembly was designed to “maximize disruption” earlier than one of many busiest journey durations of the yr.

The activist investor which owns 10% of Southwest’s frequent inventory, has pushed for months to switch some members of the board, oust CEO Bob Jordan, and evaluation its technique to enhance monetary efficiency and enhance the share worth.

© Reuters. FILE PHOTO: A Southwest Airlines jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. REUTERS/Mike Segar/File photo

The airline unveiled a number of initiatives final month to shore up sagging income, together with partnerships, trip packages for patrons and plane sale-leasebacks.

As one of many greatest and busiest activist buyers, Elliott has beforehand pushed for modifications at espresso chain Starbucks (NASDAQ:), Salesforce (NYSE:) and Twitter.

OceanFirst Monetary Corp. (OCFC) Q3 2024 Earnings Name Transcript

OceanFirst Monetary Corp. (NASDAQ:OCFC) Q3 2024 Earnings Convention Name October 18, 2024 11:00 AM ET

Firm Members

Alfred Goon – Senior Vice President, Company Growth and Investor Relations
Christopher Maher – Chairman and Chief Government Officer
Joseph Lebel – President and Chief Working Officer
Patrick Barrett – Government Vice President and Chief Monetary Officer

Convention Name Members

Frank Schiraldi – Piper Sandler
Daniel Tamayo – Raymond James
Tim Switzer – KBW
David Bishop – Hovde
Matthew Breese – Stephens
Manuel Navas – D.A. Davidson
Christopher Marinac – JMS

Operator

Good morning, and thanks all for attending the OceanFirst Monetary Corp. Third Quarter ’24 Earnings Launch Convention Name. My identify is Breeka, and I will probably be your moderator for right now. All strains will probably be muted throughout the presentation portion of the decision with a possibility for questions-and-answers on the finish.

I’d now prefer to move the convention over to your host, Alfred Goon, Investor Relations, OceanFirst. Thanks. You might proceed, Alfred.

Alfred Goon

Thanks very a lot. Good morning, and welcome to the OceanFirst third quarter 2024 earnings name. I’m Alfred Goon, SVP of Company Growth and Investor Relations.

Earlier than we kick off the decision, we might prefer to remind everybody that our quarterly earnings launch and associated earnings complement could be discovered on the corporate web site, oceanfirst.com. Our remarks right now might include forward-looking statements and should seek advice from non-GAAP monetary measures. All members ought to seek advice from our SEC filings, together with these discovered on Types 8-Ok, 10-Q and 10-Ok for a whole dialogue of forward-looking statements and any elements that might trigger precise outcomes to vary from these statements.

Thanks. And now I’ll flip the decision over to Christopher Maher, Chairman and CEO.

Christopher Maher

Thanks, Alfred. Good morning, and thanks to all who’ve been capable of

Industrial Metals Firm (CMC) This autumn 2024 Earnings Name Transcript

Industrial Metals Firm (NYSE:CMC) This autumn 2024 Earnings Name Transcript October 17, 2024 10:00 AM ET

Firm Contributors

Peter Matt – President and CEO
Paul Lawrence – SVP and CFO

Convention Name Contributors

Sathish Kasinathan – Financial institution of America
Katja Jancic – BMO Capital Markets
Timna Tanners – Wolfe Analysis
Tristan Gresser – BNP Paribas Exane
Phil Gibbs – KeyBanc Capital Markets

Operator

Hiya, and welcome, everybody, to the Fourth Quarter and Fiscal 12 months 2024 Earnings Name for CMC. Becoming a member of me on right now’s name are Peter Matt, CMC’s President and Chief Govt Officer; and Paul Lawrence, Senior Vice President and Chief Monetary Officer. Right now’s supplies, together with the press launch and supplemental slides that accompany this name, could be discovered on CMC’s Investor Relations web site. Right now’s name is being recorded. [Operator Instructions] After the corporate’s remarks, we could have a question-and-answer session, and we’ll have a couple of directions at the moment.

I want to remind all contributors that in the course of the course of this convention name, the corporate will make statements that present data apart from historic data and can embrace expectations concerning financial circumstances, results of laws, US metal import ranges, development exercise, demand for completed metal merchandise, the anticipated capabilities, advantages, and timeline for development of latest services, the corporate’s operations, the corporate’s strategic progress plan, the corporate’s future outcomes of operations, monetary measures, and capital spending. These and different comparable statements are thought-about forward-looking and will contain sure assumptions and hypothesis and are topic to dangers and uncertainties that might trigger precise outcomes to vary materially from these expectations. These statements mirror the corporate’s beliefs primarily based on present circumstances however are topic to sure dangers and uncertainties, together with these which might be described within the danger components and forward-looking statements sections of the corporate’s newest filings with the US Securities and Change Fee, together with the corporate’s newest Annual Report on Kind 10-Okay. Though these statements are primarily based on

Airbus Deliveries Fall: Full 12 months Goal At Threat?

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Netflix: Q3 Outcomes Can Affirm Worth Features Going Ahead

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Village Tremendous Market: Nonetheless On Sale

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He runs Crude Worth Insights, a value-oriented e-newsletter geared toward analyzing the money flows and assessing the worth of firms within the oil and gasoline area. His main focus is on discovering companies which are buying and selling at a big low cost to their intrinsic worth by using a mixture of Benjamin Graham’s funding philosophy and a contrarian method to the market and the securities therein. Be taught extra.

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Orla Mining: One other Beat And Elevate For This Constant Producer

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Taylor Dart is a person investor with over 16 years of buying and selling expertise, along with his major focus being treasured metals builders, producers and royalty/streaming corporations.

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– Disclosure: I’m not a monetary advisor. All articles are my opinion – they don’t seem to be options to purchase or promote any securities. Carry out your personal due diligence and seek the advice of a monetary skilled earlier than buying and selling or investing.

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Ulta Magnificence: Misplaced The Magnificence Contest – Potential Worth Entice Prior To Reversal

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Month-to-month Market Recap: September’s Shock Surge

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Evolution: Evolving Into An Intriguing Alternative

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I’m a non-public investor who’s at present finding out economics in Sweden with finance as orientation. For a few years I’ve been within the inventory market and have thus gained a deeper understanding of the inventory market over time. My funding technique is generally about discovering development firms in early phases with a giant give attention to sturdy MOATs. Peter Lynch is primarily who I look as much as in terms of investing, thus my funding technique has lots in frequent with Lynch funding method. I’ll principally cowl funding alternatives inside expertise and healthcare because it pursuits me probably the most. I sit up for sharing my perspective and ideas on funding alternatives on this platform, and to participate of others’ views by way of feedback from customers.

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