Southwest Gas Unit Gets $314.8 Million From IPO, Icahn Deal [BNN Bloomberg (Canada)]
Southwest Gas Holdings, Inc. (DE) (SWX)
Last southwest gas holdings, inc. (de) earnings: 2/26 04:30 pm
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Source: BNN Bloomberg
in an initial public offering and concurrent private placement priced at the top of a marketed range. Centuri sold 12.4 million shares for $21 each on Wednesday, according to a statement. Investment funds backed by billionaire activist Carl Icahn agreed to purchase about 2.6 million shares in a concurrent private placement. The pricing gives the Phoenix-based business a market value of $1.8 billion based on the outstanding shares in its filings with the US Securities and Exchange Commission. The company had marketed the shares for $18 to $21 each. Southwest Gas said in 2022 that it would spin off the unit to better focus on its regulated natural gas business, after reaching a settlement with Icahn, who had objected to an acquisition it had made. Icahn Enterprises LP owns about 15% of Southwest Gas, data compiled by Bloomberg show. Centuri, which traces its roots to 1909, provides services to natural gas distribution and electric utilities, according to the filings. The company
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News
- Institutional investors control 70% of Southwest Gas Holdings, Inc. (NYSE:SWX) and were rewarded last week after stock increased 3.8% [Yahoo! Finance]Yahoo! Finance
- Southwest Gas Holdings, Inc. to Report First Quarter 2024 Results on May 8, 2024PR Newswire
- Southwest Gas Holdings Announces Release of 2023 Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Southwest Gas Holdings Announces Release of 2023 Sustainability ReportPR Newswire
- Southwest Gas Announces Closing of Centuri Initial Public OfferingPR Newswire
SWX
Earnings
- 2/28/24 - Beat
SWX
Sec Filings
- 4/17/24 - Form 8-K
- 4/1/24 - Form 144
- 3/22/24 - Form 8-K
- SWX's page on the SEC website