Jun. 16 at 8:18 PM
$CTRI Centuri announces offering of 9.5M shares of common stock for holders
Centuri Holdings announced the commencement of an underwritten secondary public offering of 9.5M shares of Centuri's common stock by Southwest Gas Holdings as selling stockholder. Southwest Gas has also entered into an agreement to sell to Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, an aggregate of
$22M in shares of Centuri's common stock in a concurrent private placement at a price per share equal to the offering price per share.
Centuri is not selling any shares of common stock in the proposed offering or the concurrent private placement and will not receive any proceeds from the sale of the shares being offered by Southwest Gas. J.P. Morgan and Wells Fargo Securities are acting as joint lead book-running managers for the proposed Offering. BofA Securities, KeyBanc Capital Markets, Mizuho Securities, Moelis & Company, TD Securities, and UBS Investment Bank are acting as book-running managers for the proposed Offering.
