IEnova said that, on December 1, 2020, IEnova’s Board of Directors received a non-binding proposal from Sempra Energy to carry out a takeover bid for all of the shares representing IEnova’s capital stock. owned by the general investing public, which represent 29.83% of all the shares representing IEnova’s capital stock.
The proposed takeover bid is subject to obtaining the corporate and government authorizations required in accordance with applicable legislation.
IEnova’s Board of Directors, with the opinion of its Corporate Practices Committee, will carry out the evaluation of the proposed takeover bid under the terms and times provided in the Securities Market Law.
The deal is valued at around $ 6.13 billion.