Southwest Gas Holdings, Inc. (NYSE: SWX ) today issued the following statement in response to a publicly released letter from Carl C. Icahn.
"The Southwest Gas Holdings Board of Directors remains committed to engaging with stockholders and welcomes their constructive input on ideas to maximize stockholder value. Should Icahn Enterprises commence a tender offer for Southwest Gas Holdings common shares, the Board will review the offer in consultation with its financial and legal advisors to determine the course of action that it believes is in the best interests of the Company and its stockholders. The Company notes that on October 10, 2021, it put in place a short-term stockholder rights plan designed to protect stockholder interests by reducing the likelihood that any person or group could gain control of Southwest Gas Holdings without appropriately compensating Southwest Gas Holdings' stockholders for control.
"With regard to Mr. Icahn's intention to nominate a full slate of directors for election at Southwest Gas Holdings' 2022 Annual Meeting of Stockholders, the Company will respond if and when he does."
Source: Southwest Gas Holdings, Inc.
Date: Oct 15, 2021
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