Eversource Comments on Termination of Connecticut Water’s Failed “Go-Shop” Process
Eversource Energy (D/B/A) (ES)
Last eversource energy (d/b/a) earnings: 2/19 04:15 pm
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Source: Business Wire
Failure Confirms Process Was Flawed and Ineffective Eversource Reaffirms Commitment to Delivering its Superior Proposal to Connecticut Water Shareholders Urges Connecticut Water Shareholders to Vote “AGAINST” Inferior San Jose Water Transaction HARTFORD, Conn.--(BUSINESS WIRE)-- Eversource Energy (NYSE: ES) today commented on the termination of the flawed and ineffective “go-shop” process designed by Connecticut Water Service, Inc. (Nasdaq: CTWS) and SJW Group (NYSE: SJW) (“San Jose Water”) to entrench the previously agreed takeover of Connecticut Water by San Jose Water. As Eversource expected, Connecticut Water confirmed yesterday that its “go-shop” process failed to solicit even a single additional indication of interest to acquire Connecticut Water. On June 5, 2018, upon the announcement of Connecticut Water’s “go-shop” process, Eversource announced that rather th
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