Southwest gas simplifies corporate structure to maximize stockholder value

Reaches agreement to sell mountainwest pipelines for $1.5 billion to williams decides to spin off centuri, creating two focused, independent companies centuri, a leading independent utility infrastructure services business, positioned for continued profitable growth at the forefront of infrastructure modernization and energy transition southwest gas holdings to become fully regulated natural gas utility with continued focus on providing reliable, sustainable and affordable energy across arizona, nevada and california las vegas , dec. 15, 2022 /prnewswire/ -- southwest gas holdings, inc. (nyse: swx) ("southwest gas" or the "company") today announced that its board of directors unanimously determined to take strategic actions to simplify the company's portfolio of businesses. these actions include entering into a definitive agreement to sell 100% of mountainwest pipelines holding company ("mountainwest") in an all-cash transaction to williams (nyse: wmb) for $1.5 billion in total enterprise value, subject to certain adjustments.
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