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.