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Stock Market & Financial Investment News

News Breaks
April 28, 2014
13:30 EDTAWKCalifornia American Water to acquire Meadowbrook Water
California American Water has entered a binding memorandum of understanding to acquire Meadowbrook Water's operating assets and to assume responsibility for providing domestic water services within Meadowbrook’s service area in Merced County. Meadowbrook is an investor-owned Class C Water Utility, regulated by the California Public Utilities Commission. Meadowbrook Water and California American Water anticipate filing an application in fall of this year seeking approval from the CPUC. Final transfer of Meadowbrook’s operations to California American Water is expected to take place in the spring of 2017.
News For AWK From The Last 14 Days
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September 2, 2014
10:02 EDTAWKOn The Fly: Analyst Downgrade Summary
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05:26 EDTAWKAmerican Water downgraded to Market Perform from Outperform at Wells Fargo
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August 31, 2014
12:54 EDTAWKBarclays to hold a conference
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August 29, 2014
17:37 EDTAWKAmerican Water awarded new contract worth $297M over 50 year period
American Water Works Company announced that its Military Services Group has been awarded a contract for ownership, operation and maintenance of the water and the wastewater systems at Picatinny Arsenal, NJ. According to the agreement the award is estimated at a gross amount of approximately $297M over a 50-year period. The contract will be subject to annual economic price adjustments.

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