Southwest Gas Gets Interest ‘Well in Excess’ of Icahn Offer
- Utility owner reviewing strategic options including sale
- Disclosure adds another wrinkle to Icahn takeover battle
This article is for subscribers only.
Southwest Gas Holdings Inc. said it received an indication of interest from a potential buyer that’s “well in excess” of a bid from billionaire Carl Icahn, raising the stakes in a monthslong takeover battle.
The undisclosed interest prompted the utility’s board to review its strategic options, including selling the company or a separate sale of its units, Las Vegas-based Southwest Gas said in a statement Monday.