Carl Icahn has a significant stake in Southwest Gas Holdings and is pushing the Nevada utility to abandon a planned acquisition and focus on improving its share price instead, he said in a letter to the company this week
Carl Icahn has a significant stake in Southwest Gas Holdings Inc. and is pushing the Nevada utility to abandon a planned acquisition and focus on improving its share price instead, he said in a letter to the company this week.
The letter was sent to Southwest’s board Monday, a day after a report that the company could complete a deal to buy Dominion Energy Inc.’s Questar Pipeline Co. Southwest, which has a market value of roughly $4.2 billion, agreed to buy the company for $1.975 billion including debt Tuesday afternoon.
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