Two investors in U.S. utility Sempra Energy including activist hedge fund Elliott Management on Monday urged a board shakeup and strategic review of the company’s businesses, sending its shares surging more than 14 percent. Elliott Management Corp and Bluescape Resources Co disclosed a combined 4.9 percent stake in Sempra Energy and called the company highly undervalued, saying it could be worth an additional $11 billion to $16 billion or a share price of $139 to $158. Sempra’s shares were last up $14.50 at $116.00. …read more
Source:: Yahoo Finance
