Encourages Carl Icahn to Participate in Process
LAS VEGAS, April 21, 2022 /PRNewswire/ — Southwest Gas Holdings, Inc. (NYSE:SWX) (“Southwest Gas” or the “Company”) today issued the following statement commenting on an open letter to Southwest Gas stockholders published by Carl Icahn (“Mr. Icahn”) on April 21, 2022.
When we state that we began this process because we received an indication of interest well in excess of Mr. Icahn’s $82.50 per share offer, it is a fact. Our objective is to have as robust a process as possible, so we continue to invite and encourage Mr. Icahn to participate in the sale process. The Southwest Gas Board is focused on one thing only – the maximization of value for Southwest Gas stockholders.
On April 18, 2022, Southwest Gas announced that, as a result of the receipt of an indication of interest well in excess of Mr. Icahn’s $82.50 per share offer, the Southwest Gas Board has authorized the review of a full range of strategic alternatives to maximize stockholder value.
Lazard is serving as financial advisor to Southwest Gas and Morrison & Foerster LLP and Cravath, Swaine & Moore LLP are serving as legal advisors.
