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Stock impact report

SJW Group, Connecticut Water Service announce merger [Seeking Alpha]

SJW Group (DE) (SJW) 
Last sjw group (de) earnings: 2/26 07:39 pm Check Earnings Report
US:NYSE Investor Relations: sjwgroup.com/investor_relations
Company Research Source: Seeking Alpha
SJW Group, Connecticut Water Service announce mergerSJW Group (NYSE:SJW) and Connecticut Water Service (NASDAQ:CTWS)agree to merge in an all-stock deal that would create the third-largest publicly traded water utility in the U.S.Under the terms of the deal, CTWS shareholders would receive 1.1375 shares of SJW for each share of CTWS they own, the equivalent of $61.86/share, or ~$750M in total based on yesterday's closing stock price; SJW shareholders would own ~60% of the combined company, and CTWS shareholders would own the remainder.SJW and its subsidiaries serve more than 1M people in and around San Jose, Calif., and Canyon Lake, Tex., while CTWS and subsidiaries provide water to more than 450K people in Connecticut and Maine.Click to subscribe to real-time analytics on CTWSNow read:SJW Corp. 2017 Q4 - Results - Earnings Call Slides » Show less Read more
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