SWX - Mergers and acquisitions

LAS VEGAS, Dec. 31, 2021 /PRNewswire/ -- Effective today, Southwest Gas Holdings, Inc. (NYSE:SWX) has completed the acquisition of Dominion Energy Quester Pipeline, LLC, and its subsidiaries and certain affiliates (collectively "Questar Pipeline Entities"). Southwest Gas Holdings, Inc. has also created a new subsidiary named MountainWest Pipelines Holding Company (MountainWest) that owns the Questar Pipeline Entities. The Questar Pipeline Entities will be rebranded under the MountainWest brand during the first half of 2022. MountainWest provides 2,160 miles of highly contracted, FERC-regulated interstate natural gas pipelines in the Rocky Mountain region. Colleen Larkin Bell will lead the Mo

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE:SWX) (the "Company") today announced that its Board of Directors, after a thorough review with the assistance of its external financial and legal advisors, has unanimously determined that the unsolicited, highly conditional and illusory tender offer from an affiliate of Carl Icahn ("Icahn") to acquire any and all outstanding common shares of the Company for $75.00 per share in cash (the "Offer") is inadequate, undervalues the Company, is structurally coercive and is not in the best interests of all of its stockholders. Accordingly, the Board recommends that stockholders not tender any of their shares into the Offer.

LAS VEGAS, Oct. 11, 2021 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE:SWX) ("Southwest Gas Holdings" or the "Company") announced today that its board of directors (the "Board") adopted a short-term stockholder rights plan (the "Rights Plan") on October 10, 2021. The Rights Plan is designed to protect stockholder interests by reducing the likelihood that any person or group would gain control of Southwest Gas Holdings through the open-market accumulation of the Company's shares without appropriately compensating Southwest Gas Holdings' stockholders for control. The adopti

PHOENIX, Aug. 27, 2021 /PRNewswire/ -- Centuri Group, Inc. ("Centuri"), a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (NYSE:SWX), today announced closing of the acquisition of Riggs Distler & Company, Inc. and its affiliates ("Riggs Distler"). Founded in 1909 and based in Cherry Hill, New Jersey, Riggs Distler has extensive relationships and long-term Master Service Agreements (MSA) with nearly all of the major investor-owned electric utilities in the Northeast and Mid-Atlantic regions and provides unionized installation and repair services to its utility customers.