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Icahn Escalates Southwest Gas Feud by Launching Tender Offer

Start Magazine

(Bloomberg) -- Activist investor Carl Icahn is stepping up his fight with Southwest Gas Holdings Inc. The billionaire, who has disclosed a 4.9% stake in the utility, is offering to buy remaining shares for $75 each and initiating an effort to replace the board after the company ignored his call to walk away from a deal to buy Questar Pipelines from Dominion Energy Inc. “We tried to prevent the disastrous Questar deal,” Icahn wrote Thursday in an open letter to shareholders...

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