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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.18bn
Enterprise Value £29.87bn
Revenue £13.37bn
Position in Universe th / 6853

BRIEF-Bluemountain Capital Urges PG&E To Delay Plans To File For Chapter 11

Tue 22nd January, 2019 7:19pm
Jan 22 (Reuters) - Bluemountain Capital Management:
    * BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC DELIVERS SECOND OPEN
LETTER
TO BOARD OF DIRECTORS OF PG&E CORPORATION (NYSE: PCG) & BOARD OF
DIRECTORS OF PACIFIC GAS AND ELECTRIC COMPANY
    * BLUEMOUNTAIN CAPITAL MANAGEMENT LLC - URGES PG&E CORP FOR
DELAY
OF BANKRUPTCY DECISION UNTIL AFTER ANNUAL SHAREHOLDER MEETING
    * BLUEMOUNTAIN CAPITAL MANAGEMENT - URGING CO TO DELAY PLANS
TO
FILE FOR CHAPTER 11 UNTIL AT LEAST AFTER ANNUAL SHAREHOLDER
MEETING SLATED FOR MAY 21
    * BLUEMOUNTAIN CAPITAL MANAGEMENT LLC SAYS MANAGES FUNDS
THAT OWN,
IN THE AGGREGATE, OVER 11 MILLION SHARES OF PG&E CORP’S COMMON
STOCK

Source text for Eikon:  ID:nPn7dmcqsa 
Further company coverage:  PCG.N  PCG_pa.A 

 ((Reuters.Briefs@thomsonreuters.com;))
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