Southwest gas comments on false and misleading letter from carl icahn

Las vegas , april 5, 2022 /prnewswire/ -- southwest gas holdings, inc. (nyse: swx) ("southwest gas" or the "company") today commented on an open letter to southwest gas stockholders published by carl icahn on april 4 th, 2022, that included a number of false and misleading assertions with respect to the company's recent successful public offering of common stock to fund the equity portion of the mountainwest financing. after thoroughly considering all of the available options, the southwest gas board of directors executed the equity offering – which was distributed to a diverse set of purchasers and enabled the company to raise new equity capital in significantly smaller amounts and at a better price than initially projected – to maximize value for all southwest gas stockholders.
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