Steve Scruggs Comments on South Jersey Industries

Guru stock highlight

Nov 02, 2022

Summary

A top contributor.

South Jersey Industries (SJI, Financial) shares rose approximately 40% on Feb. 24, 2022, on news thatInfrastructure Investment Funds, 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 2022.⁶

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2022 letter.

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