other_material
confidence high
sentiment neutral
materiality 0.70
Southwest Gas sells entire 27.4M-share Centuri stake at $19.60/share
Centuri Holdings, Inc.
- Selling stockholder Southwest Gas Holdings sold 27,362,210 shares of Centuri common stock at $19.60 per share.
- Centuri did not receive any proceeds from the secondary offering.
- Southwest Gas no longer owns any Centuri shares and loses director nomination and consent rights.
- Company, directors/officers, seller, and certain affiliates subject to 30-day lock-up on further sales.
- Offering closed on September 5, 2025.
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