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Southwest Gas (SWX) in Talks to Buy Dominion Energy's (D) Questar Pipeline - Reuters

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Dominion Energy (D) To Sell Questar Pipelines to Southwest Gas (SWX) for $1.975B

October 5, 2021 4:15 PM EDT

Dominion Energy (NYSE: D) announced today execution of a definitive agreement to sell Questar Pipelines to Southwest Gas Holdings Inc. (NYSE: SWX), in a transaction valued at $1.975 billion, including the assumption of $430 million of existing indebtedness. Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing... More

Carl Icahn Sends Open Letter to Southwest Gas (SWX) Board

October 5, 2021 11:51 AM EDT

Today, Carl C. Icahn released the following open letter to the board of directors of Southwest Gas Holdings, Inc. (NYSE: SWX).

Ladies and Gentlemen:

During the past few years, management of SWX has made a number of egregious errors at the expense of shareholders. However, the purchase of Questar you are currently being rumored to make at the price you are willing to pay will make all past errors pale in comparison. The purchase will result in serious diminution of shareholder value.

It also appears that other shareholders agree with our... More