<a href="https://laohu8.com/S/SWX">Southwest Gas</a> Holdings Inc. Secures $22 Million in Private Placement of <a href="https://laohu8.com/S/CTRI">Centuri</a> Holdings Shares to Icahn Investors
Southwest Gas Holdings Inc. has completed a significant financial transaction with the closing of a private placement involving the sale of 1,060,240 shares of its holdings in Centuri Holdings, Inc. The shares were sold to Icahn Partners LP and Icahn Partners Master Fund LP, entities affiliated with Carl C. Icahn, at a price of $20.75 per share. This transaction, which was conducted under a Common Stock Purchase Agreement dated June 13, 2025, generated net proceeds of approximately $22 million for Southwest Gas Holdings. It is important to note that Centuri Holdings did not receive any proceeds from this private placement. Following the sale, Southwest Gas Holdings retains ownership of 46,185,710 shares, representing about 52.1% of Centuri's total outstanding common stock.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Gas Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-156595), on July 08, 2025, and is solely responsible for the information contained therein.
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