Carl Icahn Moves to Block Dominion-Southwest Pipeline Deal
- Investor takes 4.9% stake in Southwest, writes letter to board
- Dominion reported to be in talks to sell Questar gas pipeline
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Carl Icahn is urging Southwest Gas Holdings Inc. to give up a potential natural gas pipeline acquisition and focus instead on boosting the U.S. utility’s market value.
The billionaire investor disclosed Tuesday he took a 4.9% stake in the company, and said in a letter to its board that acquiring Questar Pipeline Co. from Dominion Energy Inc. for about $2 billion would be a mistake.