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Southwest Gas Holdings, Inc. (SWX)

NYSE - Nasdaq Real Time Price. Currency in USD
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88.07+1.37 (+1.58%)
At close: 04:00PM EDT
89.20 +1.13 (+1.28%)
After hours: 07:21PM EDT
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  • O
    Carl won..............shareholders win............
  • R
    Do I smell a 2 for 1 split?
  • H
    Green while most else is red :)
  • d
    I had tendered my shares, but I cancelled that after Icahn didn't increase his offer. I didn't like the idea of selling them to him for $82.50 when the market is $88+. We'll see how things go
  • Y
    Yahoo Finance Insights
    Southwest Gas reached a 52 Week high at 85.24
  • Y
    Yahoo Finance Insights
    Southwest Gas is up 5.13% to 87.78
  • O
    Ever get the feeling Hester & the boys don't want Icahn to take over for some reason? I have had to receive at least 20 lbs of mail from SWX pleading to vote in their favor, which I wont........
  • Y
    Yahoo Finance Insights
    Southwest Gas reached a 52 Week high at 91.67
  • d
    I'm not sure why Carl is so against this pipeline transaction. southwest is getting the assets for about 900 mil/mile plus terminal assets. Currently it costs 3 million per mile to build a major pipeline including cost of pipe, labor, permitting, legal fees, and land purchase / right of way. Sounds like a very reasonable price to me if I am looking at the transaction correctly.

    So why is this stock languishing after the deal announcement. I don't care for the stock dilution part of raising the 2 billion. Somehow I think debt would be a better choice, especially with interest rates so low. with Questar gas to be a stand alone company why have the rest of investors foot the bill.

    Personally I think that Icahn doesn't have a chance of stopping the transaction but it does look like he is trying to get SWX to come up with some substantive ways to increase the share price. Also note that Mario Gabbelli also owns a large number of shares. Both Icahn and Gabbelli agree that the Construction/Repair part of the business should be spun off and would create shareholder value.

  • d
    Carl isn't doing shareholders like me any favors. I am retired and own the company for the dividend checks. I don't want to sell and if I do I will pay a big capital gains tax and it will be difficult to replace the income with the money left after taxes.
  • W
    Never buy PEAK! They pull stunts many times!
    NEVER take the bait!!!
  • F
    Go Carl Go….
  • T
    Looks like ole Carl is up to his ole LBO tricks where he uses the cash & assets of the company to leverage up huge amounts of debt to buy out the company...
  • S
    Did Carl Icahn bacd mouth the CEO on CNBC for 20 minutes and watched the stock drop. Wants the CEO replaced - said he is bad news for SWX.W 00000Woooh-He went on and on about the CEO-Ripped him a new one.
  • D
    why did Mr. Icahn wait until the day the agreement was finalized before he voiced his opposition. Or did I just never see his comments before?
  • S
    Maybe I'm missing something, is there any reason not to buy some shares at this price point given SWX will now be buying back all shares for $75 no matter what come late December? What's the risk?
  • C
    The Icahn offer is way too low. He'll have to pay a larger premium for my shares. At this point I'd rather just keep reinvesting the dividends and stay the course.
  • J
    Do not understand why price is not higher based on offer of $83/share?
  • B
    Bob L.
    Why down when 75. offer is on the table and is guaranteed????
  • T
    Received offer to tender shares today @ Schwab, Carl is going after them!