On October 15, 2021, Carl Icahn announced that, he was trying to gain control of Southwest Gas Holdings' board and replace its chief executive, as the Company is moving forward with a planned acquisition that, the Carl Icahn says hurts shareholders. We are announcing our intention to launch a proxy contest to replace the entire board and commence a tender offer for all common shares at $75 per share in cash, Icahn wrote to the Southwest board in an open letter.
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