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Elliott, Bluescape Recommend 6 New Directors For Sempra

(Reuters) Two shareholders of U.S. utility Sempra Energy – Elliott Management and Bluescape Resources Co – on Monday recommended six new directors for the company’s board and urged a strategic review of its business. The hedge funds said Sempra was highly undervalued and could be worth an additional $11 billion to $16 billion, that could value the company at $139-$158 per share.

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