AWW shareholders approve merger with RWE
- From: Vol 3, Issue 2 (February 2002)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water Works
Shareholders have approved the acquisition of American Water Works Company (AWW) by the RWE group’s water company, Thames Water Aqua Holdings.
AWW shareholders representing 80% of outstanding shares voted overwhelmingly to merge with RWE’s water and wastewater division in a deal which gives common stock holders $46.00 per share.
Following state and regulatory approval – expected in the first half of 2003 – AWW will then become a fully owned subsidiary of Thames Water. Plans for the merger were announced in ...
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