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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.