1. Icahn Calls on Southwest Gas to Sell Its Construction Unit

    Yahoo! Finance BoardNews
    Icahn Calls on Southwest Gas to Sell Its Construction Unit

    (Bloomberg) -- Activist investor Carl Icahn is ratcheting up the pressure on Southwest Gas Holdings Inc., calling on the utility company to sell its Centuri Group construction business and repeating calls to abandon its recent pipeline deal...

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    1. If SWX really wanted to improve its balance sheet, it would cancel this absurd acquisition, sell Centuri, and use a portion of the proceeds to improve the balance sheet.
    2. The Questar acquisition adds scale and value through a compelling, high-return suite of assets with unique strength and stability.
    3. If you want to pick a short time period to examine, we suggest more recent history.

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