Southwest Gas Holdings (SWX) and Carl Icahn Enter Updated Cooperation Agreement, Allowing Designation of Board Members and Committee Participation
Key Summary: Carl Icahn (4.91%) expressed concerns about the company's $1.98 billion acquisition of Questar Pipeline Co from Dominion Energy in October 2021, leading to a short-term stockholder rights plan and multiple acquisition offers deemed inadequate by the board. In May 2022, a cooperation agreement allowed Icahn to nominate directors and explore …