- South Jersey Industries ( NYSE: SJI ) ticked up 0.5% after a New Jersey utilities regulator earlier approved the company's sale to Infrastructure Investments Fund.
- The New Jersey Board of Public Utilities voted to approve the sale in a 5-0 vote at a meeting earlier Wednesday, according a webcast of the meeting. The New Jersey approval was the last regulator needed for the deal to close.
- IIF agreed to acquire South Jersey Industries ( SJI ) for $36/share in cash in February.
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South Jersey Industries ticks higher as NJ regulator votes to approve sale to IIF