Southwest Gas Holdings Inc. has announced the launch of a secondary public offering of Centuri Holdings, Inc. common stock. The offering involves 15 million existing shares of Centuri being sold by Southwest Gas Holdings. Additionally, Icahn Partners and Icahn Partners Master Fund LP will purchase 1,573,500 shares in a concurrent private placement at the same price per share as the offering. The private placement is set to close immediately after the offering, pending customary closing conditions. This move is part of a strategic financial arrangement involving investment entities affiliated with Carl C. Icahn.
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