Pacific Gas & Electric Co (PCG): Like I said PG&E management is weak. I...

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russian roullette

Re: russian roullette post# 1080

Thursday, 04/11/2019 10:07:21 AM

Thursday, April 11, 2019 10:07:21 AM

Like I said PG&E management is weak. I really like this news.BlueMountain had some heavyweights on their Board Selection. If they expand and pick the right people this will be good news for the company.

Market Chatter: Pacific Gas & Electric Co Considers Expanding Board to Settle Fight with BlueMountain Capital
BY MT Newswires
— 10:56 PM ET 04/10/2019
10:56 PM EDT, 04/10/2019 (MT Newswires) -- Pacific Gas & Electric Co (PCG) is exploring expanding its board to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, according to Reuters, citing sources.

In March, BlueMountain chose 13 candidates for PG&E's (PCG) board that included an expert in resolving victim claims, a former treasurer of the state of California, a prominent California-based hedge fund manager, and people with banking and energy industry expertise, the story noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)