Welcome to our dedicated page for Southwest Gas Ho news (Ticker: SWX), a resource for investors and traders seeking the latest updates and insights on Southwest Gas Ho stock.
Southwest Gas Holdings, Inc. (SWX) provides natural gas distribution and utility infrastructure services across Arizona, Nevada, and California. This news hub offers investors and stakeholders direct access to the company's official communications and market-relevant developments.
Track SWX's operational updates through earnings reports, regulatory filings, and infrastructure project announcements. Our curated collection includes press releases detailing rate case outcomes, safety initiatives, and strategic moves like the Centuri subsidiary separation. All content is verified at source to ensure accuracy in this regulated utility environment.
Users will find updates organized by key operational categories: natural gas distribution service expansions, utility infrastructure project awards, and regulatory compliance milestones. The repository serves as a historical record of management decisions impacting long-term service territories.
Bookmark this page for streamlined monitoring of SWX's financial performance and industry positioning. Combine regular checks with regulatory filings for complete analysis of this essential service provider's market trajectory.
Southwest Gas Holdings, Inc. (NYSE: SWX) has acknowledged an open letter from shareholder Carl Icahn, urging his participation in exploring strategic alternatives to maximize shareholder value. The company received indications of interest exceeding Icahn's offer of $82.50 per share, prompting the Southwest Gas Board to review various strategic options. Lazard is engaged as a financial advisor, while Morrison & Foerster LLP and Cravath, Swaine & Moore LLP provide legal counsel. The Company emphasizes its commitment to maximizing stockholder value amidst ongoing discussions.
Southwest Gas Holdings, Inc. (NYSE: SWX) has addressed an open letter from Carl Icahn dated April 19, 2022. The company is focused on maximizing shareholder value through a strategic alternatives review, spurred by interest exceeding Icahn's offer of $82.50 per share. The board has authorized this review and welcomed Icahn's participation. Financial advisory is provided by Lazard, with legal counsel from Morrison & Foerster LLP and Cravath, Swaine & Moore LLP. The Annual Meeting is set for May 12, 2022, where more details will be shared with stockholders.
Southwest Gas Holdings (NYSE: SWX) announced it has received an indication of interest surpassing Carl Icahn's $82.50 per share offer, prompting the Board to explore strategic alternatives to enhance stockholder value. This includes potential sales of the Company or its business units, as well as a spin-off of Centuri. A committee of independent directors is overseeing the review, with Icahn invited to participate. The Board criticized Icahn's offer as inadequate, stating it does not serve the best interests of shareholders.
Cohen & Steers Capital Management has expressed support for the Icahn Group's initiative to nominate ten candidates for the board of directors at Southwest Gas Holdings (SWX). As an investor in SWX, Cohen & Steers plans to vote in favor of these nominees during the upcoming annual meeting, indicating a strategic alignment with the Icahn Group's vision for the company's governance. This move could potentially reshape the board's dynamics and influence future business strategies.
Southwest Gas Holdings, Inc. (SWX) is urging stockholders to vote "FOR ALL" of its director nominees on the WHITE proxy card ahead of the Annual Meeting on May 12, 2022. The Board argues that their strategy focuses on long-term value creation, particularly through the recent acquisition of MountainWest, which is expected to enhance earnings significantly in 2022. The acquisition is framed as a unique and strategically valuable asset. The letter counters claims from Carl Icahn, who proposes to acquire shares at $82.50, suggesting that the company’s true value exceeds this offer.
Southwest Gas Holdings, Inc. (NYSE: SWX) announced that the Delaware Court of Chancery granted summary judgment in favor of the Company, rejecting Carl Icahn's proposal for a Special Meeting related to director elections. The court deemed the proposal unlawful and inconsistent with the Company’s organizational documents. As a result, the Annual Meeting scheduled for May 12, 2022, will be the official venue for stockholder elections. This legal victory is positioned as a significant step for corporate governance and shareholder rights.
Southwest Gas Holdings (NYSE: SWX) responded to an open letter from Carl Icahn, disputing his claims about the company's recent equity offering. The company raised approximately $400 million through a public offering at $74 per share, aimed at funding the MountainWest acquisition. Southwest Gas clarified that the equity offering was completed with full knowledge of voting restrictions due to a record date. It also highlighted that Icahn's allegations concerning the financing process were misleading and legally flawed. The board emphasized its commitment to enhancing shareholder value.
Southwest Gas Holdings, Inc. (NYSE: SWX) has officially rebranded its Dominion Energy Questar Pipeline subsidiaries as MountainWest Pipelines, effective April 1, 2022. This includes renaming subsidiaries to reflect the MountainWest identity. The rebranding signifies a commitment to delivering essential natural gas services across Utah, Wyoming, and Colorado, with over 2,000 miles of FERC-regulated pipelines. This strategic move aims to underscore the company's regional pride and commitment to clean energy and reliability, with a planned physical transition to the new brand over several months.
Southwest Gas emphasizes the importance of safety in digging projects, urging homeowners to call 811 before beginning any digging to mark underground utilities. With April marking the start of the dig season and recognized as Safe Digging Month, the company highlights that 32% of pipeline damages in its service areas in 2021 resulted from not calling 811. The national cost of damages due to underground utility strikes exceeds $30 billion. Residents should report any suspected pipeline damage immediately.
Southwest Gas Holdings, Inc. (NYSE: SWX) has announced a public offering of 5,500,000 shares of common stock at $74.00 per share, targeting net proceeds of approximately $392.5 million. The offering is set to close on March 31, 2022, and underwriters have a 30-day option to purchase an additional 825,000 shares. Proceeds will primarily be used to repay borrowings related to the acquisition of Questar Pipelines. J.P. Morgan and BofA Securities lead the offering, with other firms acting as co-managers.
