SUNNY
ISLES BEACH, Fla., May 23, 2022
/PRNewswire/ -- IEP Utility Holdings LLC, an affiliate of Icahn
Enterprises L.P. (the "Offeror"), announced the completion of its
tender offer (the "Offer") to purchase shares of the common stock,
par value $1.00 per share (the
"Common Stock"), of Southwest Gas Holdings, Inc., a Delaware corporation (the "Company"),
including the associated rights issued pursuant to the Rights
Agreement, dated October 10, 2021 (as
it may be amended from time to time, the "Rights Agreement"),
between the Company and Equiniti Trust Company, as rights agent,
that are issued and outstanding (the "Rights" and, together with
the Common Stock, the "Shares"), for $82.50 per Share in cash, without interest, less
any applicable withholding taxes (the "Offer Price"). The Offer and
the withdrawal rights expired as scheduled at midnight,
New York City time, on
Friday, May 20, 2022. The Offer was
made pursuant to an Offer to Purchase, dated October 27, 2021, as supplemented by the
Supplement to the Offer to Purchase, dated December 7, 2021, and the Supplement to the Offer
to Purchase, dated May 9, 2022, and
certain other materials contained in the Offeror's tender offer
statement on Schedule TO originally filed with the U.S. Securities
and Exchange Commission on October 27,
2021.
Continental Stock Transfer & Trust Company, the
depositary for the Offer has advised the Offeror that, as of such
time, a total of 2,213,597 Shares were validly tendered and not
properly withdrawn, representing approximately 3.1% of the
outstanding Shares (based on 66,852,050 Shares outstanding as of
April 29, 2022, as disclosed by the
Company in its Form 10-Q for the quarterly period ended
March 31, 2022). Of the Shares
tendered, 726,010 Shares were tendered pursuant to guaranteed
delivery procedures. Promptly after the expiration date, all Shares
that were validly tendered and not properly withdrawn pursuant to
the Offer have been accepted for payment by the Offeror. The
Offeror will promptly pay for all such Shares in accordance with
the terms of the Offer.
Contacts:
Information Agent
Harkins Kovler, LLC
Peter Harkins / Jordan Kovler
(212) 468-5390 / (212) 468-5384
pharkins@harkinskovler.com / jkovler@harkinskovler.com
View original
content:https://www.prnewswire.com/news-releases/icahn-enterprises-completes-southwest-gas-tender-offer-301552656.html
SOURCE Icahn Enterprises L.P.