66.58 0.00 (0.00%)
After hours: 5:08PM EDT
|Bid||65.01 x 1000|
|Ask||70.00 x 800|
|Day's Range||66.13 - 66.86|
|52 Week Range||48.86 - 69.72|
|PE Ratio (TTM)||40.25|
|Earnings Date||Nov 6, 2017 - Nov 10, 2017|
|Forward Dividend & Yield||1.25 (1.92%)|
|1y Target Est||64.00|
CLINTON, Conn., June 18, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that the deadline to submit non-binding indicative proposals under the Company's previously announced "go-shop" process has expired and that no proposals or indications of interest were received. Connecticut Water's financial advisors directly contacted more than 50 parties, including more than 20 water and regulated utilities and more than 30 financial sponsors, to determine their interest in exploring a potential transaction with Connecticut Water.
Moody's Investors Service, (Moody's) affirmed NSTAR Electric Company's long and short-term ratings including its A2 Issuer Rating and Prime-1 commercial paper rating and changed its rating outlook to positive from stable. Moody's also affirmed its parent, Eversource Energy's long and short-term ratings including its Baa1 Issuer Rating and Prime-2 commercial paper rating.
California's utilities regulator has told SJW Group it must seek approval for its proposed merger with Connecticut Water Service Inc, according to a document provided by the regulator to Reuters, a move that creates a potentially significant impediment to the deal. The deal is part of a contentious four-way water utility merger battle, also involving California Water Services Group and Eversource Energy. A regulatory review in California would likely extend the time needed to approve the merger by many months, given the state's active approach to oversight, analysts have said.
The draft decision issued today by the Connecticut Public Utilities Regulatory Authority (PURA) to dismiss without prejudice the joint application of SJW Group and Connecticut Water for approval of a change of control was understandable given the active go-shop process in place. Connecticut Water understands PURA’s interest in conserving their resources and conducting their review once the go-shop process is completed. We look forward to making our PURA filing at the appropriate time following the conclusion of our previously announced go-shop process.
As previously announced, Connecticut Water and SJW Group (SJW) have amended the terms of the companies' merger agreement. The amended merger agreement, which was unanimously approved by the Board of Directors, includes a go-shop provision, pursuant to which Connecticut Water, with the assistance of its financial advisors, is actively soliciting proposals for an alternative merger, acquisition or other strategic transaction involving Connecticut Water. Connecticut Water has a right under the amended merger agreement to review and negotiate any alternative proposals received from third parties until 11:59 p.m. Eastern time on July 14, 2018. Pursuant to the go-shop provision, Connecticut Water and its financial advisors have already begun soliciting third party indications of interest.
American Water's unit is likely to invest $2 million to replace 6,300 miles of aging water mains in its Millburn service area.
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free research report on Connecticut Water Service, Inc. (NASDAQ: CTWS) ("Connecticut Water"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CTWS as the Company's latest news hit the wire. On May 31, 2018, the Company announced that it and California-based SJW Group have amended the terms of their merger agreement, pursuant to which Connecticut Water, with the assistance of its financial advisors, will actively solicit proposals for an alternative merger, acquisition, or other strategic transaction involving Connecticut Water. Active-Investors.com is currently working on the research report for American States Water Company (NYSE: AWR), which also belongs to the Utilities sector as the Company Connecticut Water Service.
Connecticut Water (CTWS) is likely to explore possible alternate offers for merger and acquisition through amendment in the merger agreement with SJW Group.
The deal amendment announced Thursday allows Connecticut Water to review and negotiate proposals from third parties until 11:59 p.m. Eastern on July 14. Although both sides have received unsolicited offers, the go-shop provision only applies to Connecticut Water. The amendment was unanimously approved by Connecticut Water’s board.
The amended agreement, which was unanimously approved by the Connecticut Water Board of Directors, includes a new go-shop provision, pursuant to which Connecticut Water, with the assistance of its financial advisors, will actively solicit proposals for an alternative merger, acquisition or other strategic transaction involving Connecticut Water. Connecticut Water has a right under the amended merger agreement to review and negotiate any alternative proposals received from third parties until 11:59 p.m. Eastern time on July 14, 2018.
NEW YORK, May 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Opiant ...
American Water Works (AWK) continues to take initiatives to improve and strengthen the water infrastructure in its service areas.
NEW YORK, May 22, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating the announced merger of Connecticut Water Service, Inc. ("CTWS" or the "Company") (CTWS) with SJW Group. Pursuant to the terms of the announced merger agreement, the Company's shareholders will only receive 1.1375 shares of SJW Group common stock for each share of CTWS common stock they own.
American Water Works (AWK) continues to acquire new units and is on course to meet its goal of adding in excess of 47,000 customers through acquisitions.
Also elected to the Board were David C. Benoit and Kristen A. Johnson. David C. Benoit is the President and CEO of the Company. Kristen A. Johnson is the Vice President of Human Resources and Corporate Secretary of the Company.
On a per-share basis, the Clinton, Connecticut-based company said it had a loss of 10 cents. The water company posted revenue of $26.4 million in the period. Connecticut Water Service shares have increased ...
Connecticut Water Service, Inc. (CTWS) announced a net loss of $1.2 million or $0.10 loss per basic common share for the first quarter of 2018 on total revenues of $26.4 million. Total revenues include revenues generated by the Company’s three business segments: Water Operations, Service and Rentals, and Real Estate. In the first quarter of 2017, the Company had net income of $4.1 million or $0.36 per basic common share, on total revenues of $24.2 million.
SJW Group (SJW) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) today announced that applications for the approval of their merger of equals were filed on Friday, May 4, 2018, with the Connecticut Public Utilities Regulatory Authority (“PURA”) and the Maine Public Utilities Commission (“MPUC”). This brings the transaction one step closer toward a successful close, which is expected to take place during the fourth quarter of 2018.
Notes that Independent Research Analysts Questioned the Merits of Eversource's Hostile Campaign and Eversource's Ability to Sustain its EPS Growth Organically Analyst Commentary Reinforces Belief that ...
SJW Group and Connecticut Water Service, Inc. today announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the companies’ merger of equals.
California Water Service Group took public its takeover offer for water utility SJW Group Thursday, pressing its bid despite being rebuffed.