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San Francisco Explores Potential Acquisition Of PG&E Assets

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The San Francisco Public Utilities Commission has hired an adviser to explore an acquisition of PG&E Corporation (NASDAQ: PCG)'s distribution assets, according to a Tuesday afternoon Reuters report.

San Francisco has hired Jefferies LLC as buy-side financial adviser. Responding to the report, PG&E told Reuters it looks forward to reviewing the city's analysis.

PG&E shares closed Tuesday at $18.74 per share.

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