Sempra Energy

NYSE:SRE   3:59:54 PM EDT
129.84
-1.60 (-1.22%)
4:00:00 PM EDT: $129.95 +0.11 (+0.09%)
Restructuring / Reorganization, Exchange Changes, Other Pre-Announcement

Sempra Energy Announces Intent To Launch Stock-For-Stock Exchange Offer For Publicly Traded Ienova Stock

Published: 12/02/2020 12:28 GMT
Sempra Energy (SRE) - Sempra Energy Announces Integrated Transactions to Form New Infrastructure Platform.
Sempra Energy - Announces Intent to Launch Stock-for-stock Exchange Offer for Publicly Traded Ienova Stock.
Sempra Energy - Intends to Unify Sempra Lng and Ienova Ownership Under Newly Formed Sempra Infrastructure Partners.
Sempra Energy - Initiates Process to Sell Non-controlling Interest in Sempra Infrastructure Partners to Fund Growth.
Sempra Energy - Expects Integrated Transactions to Be Accretive to Sempra Energy's Earnings per Share.
Energy - Expects to Complete Transactions in Q1 of 2021.
Sempra Energy - Exchange Ratio for Ienova Shares Not Owned by Co of 0.0313 Shares of Co's Stock for Each Ordinary Share of Ienova Stock.
Sempra Energy - Sempra Infrastructure Partners Will Focus on Development, Construction of N. American Lng Export Infrastructure.
Sempra Energy - Sempra Infrastructure Partners Will Focus on Development, Construction of Natural Gas Infrastructure and Renewable Energy Generation.