Climate Changed
Sempra CEO Says He's Holding `Constructive' Talks With Activists
- Elliott, Bluescape are said to be frustrated by the pace
- Sempra says board is ‘highly engaged’ and meeting activists
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Sempra Energy Chief Executive Officer Jeff Martin said he’s holding “constructive” talks with activist investors pressing for the company to shed assets and shake up its board.
But Elliott Management Corp. and investor partner Bluescape Resources have been frustrated by the pace of the discussions and had hoped for a settlement before Sempra’s second-quarter earnings report Monday, according to people familiar with the matter who asked not to be identified because the talks are private.