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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| South Jersey Industries Inc | NYSE:SJI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.09 | 0 | 01:00:00 |
From Jul 2021 to Jul 2024
By Colin Kellaher
South Jersey Industries Inc. on Thursday said it agreed to be acquired by Infrastructure Investments Fund, an infrastructure fund of J.P. Morgan Investment Management Inc., for more than $4 billion, or $36 a share, in cash.
The purchase price represents a premium of 53% to Wednesday's closing price of $23.48 for the Folsom, N.J., utility holding company.
Including South Jersey's debt, the deal carries an enterprise value of about $8.1 billion.
South Jersey said it expects the transaction to close by the end of the year.
Shares of South Jersey rose nearly 46%, to $34.24, in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 24, 2022 07:42 ET (12:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year South Jersey Industries Chart |
1 Month South Jersey Industries Chart |
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