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Southwest Fuel (NYSE:SWX) disclosed plans Friday to maneuver ahead with an IPO for its infrastructure providers enterprise, two years after first asserting its intention for the spinoff following a problem by activist investor Carl Icahn.
Centuri Holdings, which builds and maintains power networks that energy thousands and thousands of houses and companies throughout the U.S. and Canada, plans to listing on the NYSE below the CTRI image.
Southwest Fuel (SWX) stated in 2022 that it will spin off the unit to deal with its regulated pure fuel enterprise, after reaching a settlement with Icahn.
The timing, variety of shares to be supplied and the worth vary for the proposed providing haven’t but been decided.
Icahn Enterprises (IEP) owns ~15% of Southwest Fuel (SWX), based on Bloomberg knowledge.
