March M&A bolsters water index
- From: Vol 11, Issue 3 (March 2010)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Christ Water Technology, EIMCO Water Technologies, Energy Recovery Inc., JP Morgan, Merck, Millipore, Southern Water, Southwest Water, Veolia and Water Asset Management
A series of high-profile acquisitions in the US ensured an outperformance in the Americas portion of the GWI Global Water Index this month. Weak guidance numbers from American Water limited the upside.
GWI’s Global Water Index rose by 6.0% over the last month, with the Americas portion accounting for the lion’s share of the gains (up 8.5%, against a 5.3% rise in the Dow Jones Industrial Average).
Despite the fact that both the largest US investor-owned utilities (American Water and Aqua America) retreated over the past month ...
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