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Carl Icahn Holds Significant Stake in Southwest Gas, Opposes Planned Deal

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Carl Icahn has a major stake in Southwest Fuel Holdings Inc. and is pushing the Nevada utility to desert a deliberate acquisition and deal with enhancing its share value as a substitute, he mentioned in a letter to the corporate this week.

The letter was despatched to Southwest’s board Monday, a day after a report that the corporate may full a deal to purchase Dominion Vitality Inc.’s Questar Pipeline Co. Southwest, which has a market worth of roughly $4.2 billion, agreed to purchase the corporate for $1.975 billion together with debt Tuesday afternoon.

https://www.wsj.com/articles/carl-icahn-holds-significant-stake-in-southwest-gas-letter-says-11633442375?mod=pls_whats_news_us_business_f | Carl Icahn Holds Vital Stake in Southwest Fuel, Opposes Deliberate Deal

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