We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of South Jersey Industries, Inc. (“South Jersey Industries” or the “Company”) (NYSE: SJI), in connection with the proposed acquisition of the Company by Infrastructure Investments Fund. Under the terms of the acquisition agreement, the Company’s shareholders will receive $36.00 in cash for each share of South Jersey Industries common stock that they hold. The transaction is valued at approximately $8.1 billion.
WeissLaw LLP is investigating whether (i) South Jersey Industries’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $36.00 per-share merger consideration adequately compensates South Jersey Industries’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.