Deals

Billionaire Carl Icahn Makes Offer for Southwest Gas Shares

Southwest Gas says its board will review offer in next 10 days
The two sides have been locked in clash throughout October

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By Josh Saul

October 27, 2021 at 12:12 PM UTC

Updated on

October 27, 2021 at 1:44 PM UTC

This article is for subscribers only.

Carl Icahn made an unsolicited offer to buy all outstanding shares of Southwest Gas Holdings Inc., extending a corporate fight between the billionaire and U.S. energy company.

Icahn posted his offer to pay $75 for each outstanding Southwest Gas share Wednesday morning on Twitter, where his bio reads, “I make money studying natural stupidity.” Southwest Gas responded in a statement advising shareholders to take no action until its board has time to review and evaluate the offer.