Sempra Energy (NYSE: SRE) plans to talk about its future later this week, and in doing so will offer some sort of response to activist investors’ plans to remake the company.
The corporation said it will discuss its business strategy in front of financial analysts on June 28.
The presentation comes as Sempra’s new chief executive, Jeff Martin, finishes his second month on the job, and as a group of activist investors pushes for broad changes at the San Diego company.
Elliott Management and Bluescape Resources Group — which collectively own 4.9 percent of the company — said on June 11 that they have six new members for Sempra’s board. They proposed that Sempra sell some of its businesses and spin off its liquefied natural gas business to shareholders.
Bloomberg reported on June 26 that Sempra executives held an initial meeting with the activists on June 25.
On June 12, Evercore ISI analyst Greg Gordon raised the possibility that Sempra would postpone its June 28 presentation because of the activists’ push.