Southwest Gas Holdings, Inc. (SWX) announced the pricing of an underwritten secondary public offering of Centuri Holdings Inc. (CTRI) common stock, pursuant to which Southwest Gas Holdings, as the selling stockholder, is offering 9.75 million existing shares of Centuri's common stock, at a price of $20.75 per share.
The size of the Offering reflects an increase from the 9.50 million shares originally proposed to be sold.
Southwest Gas Holdings has also granted the underwriters a 30-day option to purchase up to an additional 1.46 million shares of Centuri's common stock. The Offering is expected to close on June 18, 2025.
Southwest Gas said it has also entered into an agreement to sell to Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, an aggregate of $22 million in shares of Centuri's common stock in a concurrent private placement at a price per share equal to the Offering price per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.