Southwest Gas Board Approves To Implement Proposed Holding Company Structure

(RTTNews) - Southwest Gas Corp. (SWX) announced that its board approved to implement the previously proposed holding company structure, effective January 1, 2017. The holding company will be named Southwest Gas Holdings, Inc., and will be traded on the New York Stock Exchange under the same ticker symbol, SWX. Southwest Gas Corporation, Centuri Construction Group, and their respective subsidiaries, will become subsidiaries of Southwest Gas Holdings.

Southwest Gas Corporation's shareholders will automatically become shareholders of Southwest Gas Holdings Inc., on a one-for-one basis, with the same number of shares and same ownership percentage as they held immediately prior to the reorganization.

No material operational or financial impacts are expected.