Brief: Southwest Gas Holdings Says Co Considering Additional Separation Alternatives

Southwest Gas Holdings

06/11/2023 13:37

Nov 6 (Reuters) - Southwest Gas Holdings Inc  SWX.N :
    * SOUTHWEST GAS HOLDINGS ANNOUNCES ACTIONS TO HELP PRESERVE
COMPANY'S ABILITY TO EFFECTUATE A TAX-FREE SEPARATION OF CENTURI
AND PROVIDES UPDATE TO PRIVATE LETTER RULING REQUEST
    * SOUTHWEST GAS HOLDINGS - CONSIDERS ADDITIONAL SEPARATION
ALTERNATIVES TO FORM A NEW INDEPENDENT PUBLICLY TRADED UTILITY
INFRASTRUCTURE SERVICES CO
    * SOUTHWEST GAS HOLDINGS INC - ADOPTS TAX-FREE SPIN
PROTECTION
PLAN AS IT CONSIDERS ADDITIONAL CENTURI SEPARATION ALTERNATIVES
    * SOUTHWEST GAS HOLDINGS INC- BELIEVES THAT THERE IS MINIMAL
CAPACITY FOR CHANGES IN OWNERSHIP OF ITS STOCK BEFORE A 355
OWNERSHIP CHANGE COULD OCCUR
    * SOUTHWEST GAS -CONSIDERING OTHER TAXABLE TRANSACTION
ALTERNATIVES THAT MAY USE CO'S AVAILABLE NET OPERATING LOSSES TO
OFFSET TAX IMPACT IN CERTAIN CASES
    * SOUTHWEST GAS- PLAN MEANT TO RESTRICT ACQUISITIONS OF CO'S
STOCK
THAT MAY CAUSE 355 OWNERSHIP CHANGE
    * SOUTHWEST GAS- UNDER PLAN THOSE WITH 4.9%/MORE OF CO'S
OUTSTANDING COMMON STOCK MAY CONTINUE TO OWN SHARES BUT MAY NOT
BUY MORE SHARES WITHOUT TRIGGERING PLAN

Source text for Eikon:  ID:nPn5D8TYXa 
Further company coverage:  SWX.N 

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