South Jersey Industries (SJI, Financial) shares rose 40% on Feb. 24, 2022, on news that Infrastructure InvestmentFunds, a private equity fund managed by JP Morgan Investment Management, would take the company private. The deal is scheduled to close in the fourth quarter of 2022.7
From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund fist-quarter 2022 commentary.