(Bloomberg) -- Southwest Gas Holdings Inc. confirmed that billionaire Carl Icahn made an unsolicited tender offer for its outstanding shares and said its board of directors will review the offer.
Most Read from Bloomberg
A Deep Dive Into Squid Game's World of Inequality
Hamburg Is at the Heart of Germany’s Growing Dilemma Over China
Meet Six People Fighting Water Scarcity Across the Globe
The Coming Electric Car Disruption That Nobody’s Talking About
Southwest will announce its view on the offer within 10 business days and the company advised shareholders to take no action at this time, the company said in a statement Wednesday.
Icahn tweeted his offer to buy Southwest shares at $75 per share earlier Wednesday morning. He has argued that Southwest’s takeover of pipeline company Questar is “ill-advised.”
Most Read from Bloomberg Businessweek
You Could Be Competing With Bots to Buy Gifts This Christmas
Workers Press for Power in Rare Advance for U.S. Labor Movement
Colombia’s Rain Shaman Got Paid to Stop the Storms, Until He Couldn’t
©2021 Bloomberg L.P.
