Centuri announces $160M offering of common stock

Centuri (CTRI) Holdings announced the commencement of an underwritten public offering of $160M of shares of Centuri’s common stock. In addition to the shares of Centuri’s common stock sold in the Offering, Centuri announced that Icahn Partners LP and Icahn Partners Master Fund LP, investment entities affiliated with Carl Icahn, will purchase approximately $75M of shares of Centuri’s common stock, in a concurrent private placement at a price per share equal to the Offering price per share. J.P. Morgan, Wells Fargo Securities, BofA Securities and KeyBanc Capital Markets are acting as joint lead book-running managers for the proposed Offering.