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JE - Just Energy +23% after PIMCO holds 28.9% stake
Just Energy Group
Shares of Just Energy (JE) surge 23% premarket after Pacific Investment Management Company ((PIMCO)) disclosed 28.9% stake in the company.PIMCO acquired ~13.9M shares for a total of $38M, following a recapitalization in which the entities had obligations to backstop an offering of new common shares.