Icahn said in negotiations to settle with Southwest Gas the war on ships

The New York Times 2015 Deals Book Conference

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Billionaire Carl Icahn is said to be in discussions to reach an agreement with Southwest Gas (NYSE:SWX) that would allow the activist investor to get up to four seats on the board.

Negotiations are still ongoing and could still fall apart ahead of the company’s annual meeting next week, according to a report. Bloomberg report.

A deal that would end months of fighting between Icahn and the utility company. Icahn seeks to gain control of the company’s board of directors and replace its chief executive officer; his offer to buy the company at $82.50/share is rejected by Southwest (SWX) table is “insufficient.”

Settlement talks come after prominent proxy advisory firms ISS and Glass Lewis offer partial support for Icahn’s nominations last week, according to an earlier Bloomberg report. The ISS recommends shareholders vote for Icahn’s four candidates, while Glass Lewis recommends two of its own.

Southwest Gas last month said its board had authorized a review of strategic alternatives, including potential sale of the company. Icahn said that he we There will be no pricing to the company during a strategic review proposed by an incumbent board or a new panel by an active investor.

Icahn begins his battle with Southwest Gas (SWX) back in October, when the company used a poison to try to stop him because he opposed the company’s $2 billion deal to buy Questar Pipelines from Dominion Energy.

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