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Stock impact report

SJW Group Remains Committed to Merger of Equals with Connecticut Water and its Potential to Create Significant Long-Term Value for Shareholders

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: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- SJW Group (NYSE: SJW) today issued the following statement regarding Connecticut Water Service, Inc.’s (NASDAQ: CTWS) receipt and rejection of an unsolicited, non-binding indication of interest from Eversource Energy (NYSE: ES) regarding a potential proposal to acquire Connecticut Water. “SJW Group and Connecticut Water previously announced on March 15, 2018, that they have entered into an agreement to combine through a merger of equals. Under the terms of the agreement, Connecticut Water shareholders will receive 1.1375 shares of SJW Group common stock for each share of Connecticut Water common stock they own, the equivalent of $63.70 per share, based on SJW Group’s closing stock price on April 19, 2018. Connecticut Water’s shareholders would benefit not only from an immediate 21% premium to the closing share price on March 14, 2018 – the day prior to the merger annou Show less Read more
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