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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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July 1, 2015
16:43 EDTAWKAmerican Water awarded contract from Israel-U.S. binational R&D foundation
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June 29, 2015
10:09 EDTAWKOn The Fly: Analyst Initiation Summary
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07:43 EDTAWKAmerican Water initiated with a Neutral at Goldman
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June 19, 2015
16:13 EDTAWKRex Energy enters purchase agreement with American Industrial Water
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June 18, 2015
16:35 EDTAWKRex Energy sells Keystone Clearwater Solutions to American Water for $130M
Rex Energy (REXX), together with its partners in Water Solutions Holdings, entered into a purchase and sale agreement with American Water (AWK) pursuant to which American Water will acquire Water Solutions and its subsidiaries, including Keystone Clearwater Solutions. The transaction is valued at approximately $130M, inclusive of cash and debt. Rex Energy, which holds a 60% interest in Water Solutions and is selling its entire interest, expects net proceeds from the sale to be approximately $66M. The proceeds will be used to pay down the revolving line of credit and for general corporate purposes. American Water will continue to provide field and water-related services to Rex Energy within its Appalachian Basin properties in Pennsylvania and Ohio.
16:33 EDTAWKAmerican Water to acquire Keystone Clearwater Solutions
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