SJI Utilities provides natural gas to more than Top 25 Mutual Funds; Mutual Fund Comparison; . With South Jersey Industries (SJI) going private following an $8.1 billion agreement with the Infrastructure Investment Fund (IIF), questions have again been raised about the fund's affiliation with the investment bank JPMorgan Chase. 07:03AM. South Jersey Industries, Inc. (NYSE: SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, today announced that they have entered into a definitive agreement under which IIF will purchase SJI for $36.00 per share in cash, reflecting an enterprise value of approximately $8.1 billion. Feb 24, 2022 9:21AM EST. On February 24, 2022, South Jersey Industries, Inc. (NYSE: SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that they have entered into a definitive agreement under which IIF will purchase SJI for $36.00 per share in cash, reflecting an enterprise The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each . GIP, Blackstone among winners in US's historic offshore wind lease. Energy Efficiency. South Jersey Industries taken private by Infrastructure Investments Fund in $8.1 billion deal. Infrastructure Investments Fund to acquire South Jersey Industries for $8.1bn. South Jersey Industries agrees to be acquired by Infrastructure Investments Fund in $8.1 bln deal MarketWatch. . "As [] February 24, 2022 - File photo Infrastructure Investments Fund, a private investment vehicle focused on investing in critical infrastructure assets, announced Thursday morning that is entered into a definitive agreement to purchase South Jersey Industries for $36 per share in cash, reflecting an enterprise value of approximately $8.1 billion. South Jersey Industries Inc. announced Thursday that it had approved its sale to the Infrastructure Investments Fund (IIF), a private fund advised by a dedicated infrastructure investment group within J.P. Morgan Investment Management Inc. IIF agreed to pay $36 a share for SJI, a 46% premium on its average 30-day stock price. Through infrastructure replacement programs, SJG enhances the safety and reliability of our system while earning our authorized utility return on approved investments in a timely manner. Box 5337, Amman (11183) Jordan Phone: +962 6 510 4422 Email: info@sjifund.com By Colin Kellaher. Acquisition by Infrastructure Investment Fund . News & Analysis. SJG's Accelerated Infrastructure Replacement Program (AIRP II) authorized an investment of $302.5 million from 2016-2021 for infrastructure replacement upgrades. South Jersey Industries Inc. SJI, +40.59% said Thursday it has entered an agreement to be acquired by the Infrastructure Investments Fund, a private vehicle, in a deal with an enterprise value of about $8.1 billion. Option Symbol: SJI Date: ??? If you are a South Jersey shareholder, click here to learn more about your . The Infrastructure Investments Fund calls itself a $20 billion private investment vehicle focused on investing in critical infrastructure assets. South Jersey Industries Inc. is to be acquired by the Infrastructure Investments Fund, a privately held firm that owns utility and transportation businesses worth some $20 billion, the companies. Important information JPMorgan Sustainable Infrastructure Fund; The Fund invests primarily (at least 70%) in equity securities globally (including listed real estate investment trusts ("REITS")) that are well positioned to promote the development of the infrastructure required to facilitate a sustainable and inclusive economy, whilst not significantly harming any environmental or social . Get a free in-depth analysis of South Jersey Industries (SJI) stock. Fundraising,News &am. South Jersey Industries taken private by Infrastructure Investments Fund in $8.1 billion deal MarketWatch. About SJI SJI (NYSE: SJI), an energy infrastructure holding company based in Folsom, NJ . South Jersey Industries Surge 39% On Deal To Be Acquired By Infrastructure Investm. South Jersey Industries shares soar 47% premarket on news of $8.1 billion acquisition by Infrastructure Investments Fund South Jersey Industries Inc. SJI, -1.22% said Thursday it has entered an agreement to be acquired by the Infrastructure Investments Fund, a private vehicle, in a deal with an enterprise value of about $. S outh Jersey Industries Inc. said Thursday it has entered an agreement to be taken private by the . Infrastructure Investments Fund, a private investment vehicle, intends to buy SJI for roughly $8.1 billion. Adecco-backed Modis completed the acquisition of a 60% stake in AKKA from Ricci family and CNP for $2.4bn. folsom, nj, and new york, february 24, 2022 - south jersey industries, inc. (nyse: sji) (sji) and the infrastructure investments fund (iif), a private investment vehicle focused on investing in. Investing.com. SJI's acquirer, Infrastructure Investments Fund, was the buyer behind CenterPoint's blockbuster LDC sale, through one of the fund's portfolio companies, Summit Utilities Inc. 08:40AM. Today announced definitive agreement under which the Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management Inc. will purchase SJI for $36.00 per share in cash, reflecting an enterprise value of approximately $8.1 billion moonman777 Pro+. The Fund's is an investor in the JP Morgan Infrastructure Investments Fund (IIF). South Jersey Industries Inc. SJI, -1.22% said Thursday it has entered an agreement to be acquired by the Infrastructure Investments Fund, a private vehicle, in a deal with an enterprise value of about $8.1 billion. Cargotec and Konecranes win EU antitrust approval for $5bn merger. The Folsom-based energy company has entered into an agreement to be acquired by the Infrastructure Investments Fund, a group within J.P. Morgan Investment Management Inc. Today announced definitive agreement under which the Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management Inc. will purchase SJI for $36.00 per . 07:24 AM ET. IIF is responsible for investing and growing the retirement funds of more than 60 million families. SJI Reports Fourth Quarter and 2021 Results. South Jersey Industries, Inc. (SJI) and the Infrastructure Investments Fund (IIF) announced on February 24 that IIF would acquire SJI in an all-cash transaction reflecting an enterprise value of approximately $8.1 billion. Infrastructure Investments Fund acquires SJI. FOLSOM, NJ, September 20, 2022- SJI (NYSE:SJI) . Headquartered in New York with additional offices in London, and advised by a dedicated infrastructure investment group within J.P. The agreement was announced by South Jersey Industries, Inc. and Infrastructure Investments . NEW YORK, February 24, 2022 - Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of South Jersey Industries, Inc. (NYSE: SJI) ("SJI") breached their fiduciary duties or violated the federal securities laws in connection with the company's acquisition by The Infrastructure Investments . Under the terms of the deal, SJI shareholders would receive $36 per share in cash, a . folsom, nj, and new york, february 24, 2022 - south jersey industries, inc. (nyse: sji) (sji) and the infrastructure investments fund (iif), a private investment vehicle focused on investing in critical infrastructure assets, today announced that they have entered into a definitive agreement under which iif will purchase sji for $36.00 per share Infrastructure Investments Fund (IIF), an infrastructure investment group, has signed an agreement to acquire energy products and services firm South Jersey Industries, Inc. ( NYSE: SJI) for approximately $8.1 billion. Under the term of the deal, IIF will pay $36 for each SJI share owned, equal to a premium of 46.3% over the stock's 30-day volume weighted average price as of Wednesday's close. ETG's Infrastructure Investment Plan (IIP) authorizes investment of $300 million from 2019-2024 for important infrastructure upgrades including the replacement of up to 250 miles of cast iron and bare steel mains. Wednesday, December 22, 2021. DIF halts debt fundraising process - exclusive. SJI is a holding company with two subsidiaries, SJI Utilities and SJI Energy Enterprises. The Midstream segment invests in . How quickly will this . Feb 25, 2022 1:19 PM UTC . The IIF has over USD 3 billion invested globally in renewable power generation, producing 4.8 GW of renewable energy capacity - enough to power 3.7 million homes for a year. south jersey industries, inc. (nyse: sji) (sji) and the infrastructure investments fund (iif), a private investment vehicle focused on investing in critical infrastructure assets, today announced that they have entered into a definitive agreement under which iif will purchase sji for $36.00 per share in cash, reflecting an enterprise value of South Jersey Industries Inc. is to be acquired by the Infrastructure Investments Fund, a privately held firm that owns utility and transportation businesses worth some $20 billion, the companies. Willkie represented BofA Securities as financial advisor to SJI on the transaction. SJI - South Jersey Industries Inc. 7027 South Jersey Industries, Inc. Enters into Agreement to be Acquired by the Infrastructure Investments Fund Represents Significant Long-Term Investment to Support the Success. IIF's portfolio of companies serves more than 10. On May 10, 2022, Shareholders of South Jersey Industries, Inc. (SJI) will vote concerning the proposed merger with a wholly-owned subsidiary of NJ Boardwalk Holdings LLC, an affiliate of the Infrastructure Investments Fund. View live South Jersey Industries, Inc chart to track its stock's price action. The buyer in the Hope Gas acquisition was also an infrastructure fund, operated by Ullico Inc. P.O. Infrastructure Investments Fund to Buy South Jersey Industries 02/24/2022 | 07:42am EDT By Colin Kellaher South Jersey Industries Inc. on Thursday said it agreed to be acquired by Infrastructure Investments Fund, a private investment vehicle advised by J.P. Morgan Investment Management Inc., for more than $4 billion, or $36 a share, in cash. And under the term of the deal, IIF will pay $36 for each SJI share owned, equal to a premium of 46.3% over the stock's 30-day volume-weighted average price as of the closing price . Under the terms of the transaction, IIF will purchase SJI for $36 per share in cash, reflecting a 46% premium on the company's average 30-day recent trading stock price. (Financial Sponsors) Kinross completed the acquisition of Great Bear Resources for $1.45bn. ETG's Infrastructure Investment Plan (IIP) authorizes investment of $300 million from 2019-2024 for important infrastructure upgrades including the replacement of up to 250 miles of cast iron and bare steel mains.
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