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Southwest Gas Holdings Announces Launch of Secondary Public Offering of Centuri Holdings, Inc. Common Stock

On May 20, 2025, in Las Vegas, Southwest Gas Holdings, Inc. Announced the launch of a managed offering to sell shares of Centuri Holdings, Inc. Common stock held by the company.
Southwest Gas Holdings acts as the selling stockholder and plans this offering alongside a concurrent private placement in which Icahn Partners entities will buy $50 million in Centuri's stock.
The private placement shares will be offered at the same price of $17.50 per share as the Offering shares, with the transaction anticipated to finalize on May 22, 2025, pending the fulfillment of standard closing requirements.
Southwest Gas Holdings plans to provide the underwriters with the right to buy up to an extra 1.35 million shares of Centuri’s common stock within a 30-day period, as part of a registered shelf offering filed with the SEC.
The Offering and private placement reflect Southwest Gas Holdings’ strategic positioning of Centuri, a key utility infrastructure services company powering millions of homes across North America, while forward-looking factors could affect actual results.

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Southwest Gas Holdings Announces Launch of Secondary Public Offering of Centuri Holdings, Inc. Common Stock

LAS VEGAS, May 20, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the commencement of an underwritten secondary public offering of Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri") common stock (the "Offering"),…

4 days ago

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stocktitan.net

Centuri Secondary Offering Draws $50M Icahn Investment in Private Placement Deal

Southwest Gas selling 9M Centuri shares plus $50M private placement to Icahn Partners. Major ownership shift signals strategic evolution. Get deal insights.

4 days ago

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