MERGERS AND DEMERGERS
- From: Vol 7, Issue 4 (April 2006)
- Category: Need to know
- Region: Unspecified
- Country: France, United Kingdom and United States
- Related Companies: American Water Works, Ashland, Biffa, Degussa, Kelda, RWE/Thames (Water), Severn Trent Services and Suez
* American Water has a new CEO and a new determination to pursue an IPO rather than a private equity led buy-out as its preferred exit from its German parent RWE. The new man in charge is Don Correll, a seasoned expert in regulatory warfare (see story p18).
* Across the Atlantic, American’s sister company, Thames, is looking less sure of its future as a public company. With a hosepipe ban across its region now in place, and further drought restrictions on the horizon if the dry spell continues, the last thing it needs to produce at this moment is a share prospectus trumpeting the company’s profitability ...
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