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Elliott and Sempra Declare Truce But No Treaty Yet

Liam Denning
Elliott and Sempra Declare Truce But No Treaty Yet

In the struggle over the future of Sempra Energy between the company and Elliott Management Corp., we have reached the truce stage. Back in June, Elliott launched a public effort criticizing Sempra as an undervalued conglomerate that needed to overhaul its strategy and management. Sempra will cooperate in getting two new independent directors onto its board.