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Icahn Is in Truce Talks on Southwest Gas Board Fight

  • Settlement could put an end to acrimonious months-long fight
  • Icahn has been agitating for change at utility since October
Carl Icahn

Carl Icahn

Photographer: Victor J. Blue/Bloomberg

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Activist investor Carl Icahn is in talks to reach a truce with Southwest Gas Holdings Inc. that could see the billionaire investor take as many as four seats on the board, according to people familiar with the matter.

The settlement would put an end to the billionaire’s months-long battle with the U.S. utility owner. Talks are still ongoing and the deal could still fall apart ahead of the company’s annual general meeting next week, said the people who asked not to be identified because the matter is private. Representatives for Icahn and Southwest Gas declined to comment.