Centuri Holdings, Inc. has announced a secondary public offering of 9.5 million shares of its common stock, with Southwest Gas Holdings, Inc. as the selling stockholder. Southwest Gas plans to grant underwriters a 30-day option to purchase an additional 1.425 million shares. Concurrently, Southwest Gas has entered into an agreement to sell shares worth $22 million to Icahn Partners and Icahn Partners Master Fund LP in a private placement, contingent on certain conditions. J.P. Morgan and Wells Fargo Securities are leading the offering, with several other financial institutions acting as book-running managers. Centuri will not sell any shares or receive proceeds from the sale.
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. Centuri Holdings, Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616744598) on June 16, 2025, and is solely responsible for the information contained therein.