OTCPK:JENGQ - Post by User
Post by
Azzo100on Oct 09, 2020 10:42am
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Post# 31695333
Just Energy +23% after PIMCO holds 28.9% stake
Just Energy +23% after PIMCO holds 28.9% stakeShares of Just Energy (NYSE:JE) surge 23% premarket after Pacific Investment Management Company (PIMCO) disclosed 28.9% stake in the company. PIMCO acquired ~13.9M shares for a total of $38M, following a recapitalization in which the entities had obligations to backstop an offering of new common shares.