Southwest Water Company
24 articles about "Southwest Water Company"
SWWC has finally divested its shrivelled US contract ops segment, much to the benefit of buyer Severn Trent.
* Shares in SouthWest Water Company ceased trading on Nasdaq on 13 September following the completion of the takeover by JP Morgan Asset Management and Water Asset Management, LLC. The delisting followed the granting of approval for the merger by the California Public Utilities Commission on 3rd September.
California approved legislation on 9th August that would delay a public vote on its water bond until November 2012.
The SouthWest Water buyout looks like a one-off.
Tetra Tech shares fell by 18% in late January after the company drastically revised its diluted EPS guidance for fiscal 2010 to $1.08-$1.18 from $1.25-1.35.
Saudi Arabia has taken another step away from private finance for its big power and water projects, despite signs that banks are regaining their appetite for such deals. Basin Water, the company which thought the money it raised by borrowing against its invoices could be counted as revenue, has filed for Chapter 11 bankruptcy in the US.
Quoted water stocks continued to rise this month, buoyed by optimism that the economic recovery is finally underway. The first quarter results season was not all rosy, however.
Flow control giant Flowserve Corporation has acquired Swiss energy recovery specialist Calder AG for an undisclosed sum, believed to be in the $80-100 million range.
A dip in design-build revenues in 2007 meant that the ‘big six’ firms posted lower combined turnover than in 2006. A healthy pipeline could reverse the trend in 2008.
* Rio de Janeiro State water company Cedae may issue BRL500 million (US$305 million) of debentures as a means of testing the market ahead of an IPO in late 2008/early 2009, State finance secretary Joaquim Levy told reporters in early March.