other_material
confidence high
sentiment neutral
materiality 0.75
Southwest Gas sells entire 27.4M share Centuri stake for ~$524.8M net proceeds
Southwest Gas Holdings, Inc.
- Sold 27,362,210 shares of Centuri common stock at $19.60 per share.
- Net proceeds of approximately $524.8 million after underwriter discount and commissions.
- As of September 5, 2025, no longer owns any Centuri shares; loses governance and director nomination rights.
- Centuri did not receive any proceeds from the sale.
item 8.01