Billionaire activist investor Carl Icahn said on Thursday he had no interest in making a bid for Southwest Gas Holdings Inc, days after the utility said it would evaluate a sale following interest from an unnamed potential buyer.
In an open letter to Southwest’s shareholders, Icahn said his “only interest is to replace the incumbent board of directors.”
If his slate of director nominees were elected, they would continue pursuing strategic alternatives for Southwest, Icahn said, but he would not consider bidding for the utility.
The billionaire also questioned the acquisition interest from the anonymous potential buyer Southwest disclosed earlier this week, saying it was “barely credible.”
…