American Water Market News - In Brief
- From: Vol 10, Issue 8 (August 2009)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Biwater, BofA-Merrill Lynch, CH2M Hill, EPM, JP Morgan, Lawrenceville Water Company, RWE, Southwest Water and United Water
RWE has sold a further 35 million shares of American Water, reducing its stake in the company to 26.5%.
* The shares were sold at $19.25 per share. The deal took place just days after American Water announced a strong set of quarterly results, which showed revenues up 4% at $612.7 million, and net income up 14% at $52.5 million.
* Aqua America has acquired the Lawrenceville Water Company in New Jersey, adding nearly 8,000 people to ...
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