OGS vs. SWX: Which Stock Is the Better Value Option?
(Bloomberg) -- Centuri Holdings Inc., the infrastructure services business of power company Southwest Gas Holdings Inc., is seeking to raise as much as $315 million in an initial public offering and concurrent private placement.Most Read from BloombergTrumpism Is Emptying ChurchesWhy India’s South Rejects Modi — And Why It MattersGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone $10 Billion Deal Is Latest Bet Pro
Southwest Gas Holdings unit Centuri Holdings said on Monday it is seeking a valuation of up to $1.8 billion in its initial public offering in the United States. Centuri, which builds and maintains energy networks that power millions of homes and businesses across the U.S. and Canada, said it plans to raise about $260.4 million by offering 12.4 million shares priced between $18 and $21 apiece, according to a regulatory filing. Icahn Partners LP and Icahn Partners Master Fund LP, the investment entities affiliated with billionaire Carl Icahn, have agreed to buy nearly 2.6 million shares of Centuri in a private placement at a price per share equal to its IPO price, Centuri said.