Centuri Holdings Inc. announced a private placement of approximately $75 million of its common stock to Icahn Partners LP and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn. The shares will be sold at the same price per share as those offered in Centuri's concurrent public offering. The private placement will be made in reliance on an exemption from registration under the Securities Act of 1933 and is expected to close immediately following the public offering, subject to customary closing conditions. The closing of the public offering is not conditioned on the completion of the private placement.
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