Southwest Gas announces offering of 15M shares of Centuri common stock

Southwest Gas Holdings (SWX) announced the commencement of an underwritten secondary public offering of Centuri Holdings (CTRI) common stock, pursuant to which Southwest Gas Holdings, as the selling stockholder, is offering 15M existing shares of Centuri’s common stock. In addition to the shares of Centuri’s common stock sold in the offering, Southwest Gas Holdings announced that Icahn Partners and Icahn Partners Master Fund, investment entities affiliated with Carl Icahn, will purchase an aggregate of 1.57M shares of Centuri’s common stock from Southwest Gas Holdings in a concurrent private placement at a price per share equal to the offering price per share. The concurrent private placement is expected to close immediately following the closing of the offering.