April 19, 2018 / 10:16 PM / 3 months ago

BRIEF-Eversource Energy Discloses Proposal To Acquire Connecticut Water Service For $63.50 Per Share

April 19 (Reuters) - Eversource Energy:

* EVERSOURCE ENERGY DISCLOSES PROPOSAL TO ACQUIRE CONNECTICUT WATER SERVICE, INC. FOR $63.50 PER SHARE

* EVERSOURCE ENERGY - EVERSOURCE BELIEVES ITS PROPOSAL IS A SUPERIOR ALTERNATIVE TO ALL-STOCK TRANSACTION PROPOSED IN SJW GROUP'S AGREEMENT

* EVERSOURCE ENERGY - "EVERSOURCE HAS ATTEMPTED TO ENGAGE PRIVATELY WITH CONNECTICUT WATER FOR SOME TIME"

* EVERSOURCE ENERGY - EXPRESSED ITS INTEREST IN PURSUING AN ACQUISITION OF CONNECTICUT WATER IN 2017

* EVERSOURCE ENERGY - ON APRIL 5, CO VERBALLY COMMUNICATED INTENT TO SUBMIT A PROPOSAL TO CONNECTICUT WATER CEO DAVID BENOIT & DELIVERED WRITTEN PROPOSAL

* EVERSOURCE ENERGY - ON APRIL 17, CO SENT FOLLOW-UP COMMUNICATION TO CONNECTICUT WATER EXPRESSING ITS CONTINUED INTEREST IN PURSUING AN ACQUISITION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below