South Jersey Industries Inc (NYSE: SJI)
South Jersey Industries is having an incredible time at the moment, and for good reason; the company is in the midst of merger talks. Of course, when investors heard, excitement ensued, leading to massive gains on the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (12:26), SJI is trading at $36.30 per share after a gain of $0.95 per share (2.69%) thus far today.
SJI Gains On Merger Talks
As mentioned above, South Jersey Industries is currently flying in the market after news broke that the company is in merger talks. According to various reports, the company is in talks with New Jersey Resources. If the merger does take place, the combined company would be worth $3 billion.
However, it’s important to remember that what we’re seeing right now is nothing more than talks, and talks can fall through. Nonetheless, the concept of the merger is proving to be exciting to investors, causing SJI to fly!
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping an incredibly close eye on SJI. In particular, we’re interested in following the story surrounding the talks of a potential merger with New Jersey Resources. We’ll continue to follow the story closely and bring the news to you as it breaks!
What Do You Think?
Do you think SJI will merge with New Jersey Resources? Join the discussion in the comments below!
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