NWG rises on Middle East takeover rumours
- From: Vol 11, Issue 7 (July 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Northumbian Water
Over £200 million has been added to the market value of Northumbrian Water over the past month on speculation of an imminent buyout. Extracting value from such a deal will be a challenge.
Northumbrian Water’s share price climbed 15% over the month to mid- July on talk of an imminent takeover bid for the company from the Middle East.
The initial suggestion was that the company’s largest shareholder, the Ontario Teachers’ Pension Plan (OTPP), was about to launch a full-blown bid less than six months after it stated it had no ...
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