Monday, October 18

Carl Icahn holds significant stake in Southwest Gas-source

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Activist investor Carl Icahn holds a significant stake in Southwest Gas Holdings Inc and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a source familiar with the matter said.

On Sunday, Reuters reported that Southwest Gas is in advanced talks to acquire Questar Pipeline Co, a gas transportation and storage business of Dominion Energy Inc that Warren Buffett tried to buy. (Reporting by Svea Herbst-Bayliss in New York and Sahil Shaw in Bengaluru ; Editing by Maju Samuel)

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