SJI - South Jersey Industries gains amid New Jersey filing on planned sale

• South Jersey Industries ( NYSE: SJI ) rose 0.9% after a filing from the New Jersey utility regulator may be viewed as a step closer to approval for the company's planned sale.
• The latest filing from the New Jersey regulator indicates that the authority will vote on the South Jersey Industries' ( SJI ) sale to to Infrastructure Investments Fund at its next board meeting if a unanimous "stipulation" resolving all the issues in the matter is filed on Friday.
• The filing comes after a CTFN report last month that parties are said to be close to agreeing to a settlement with the New Jersey utilities regulator that needs to approve the company's sale.
• In late November a schedule with the New Jersey utilities regulator was pushed out a month to give additional time for settlement talks over the transaction.
• Infrastructure Investments Fund agreed to acquire South Jersey Industries ( SJI ) for $36/share in cash in February.

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