Connecticut Water is pleased to announce that the public water supply has been extended from their system to resolve water quality issues for more than 500 residents in the Rockridge Condominiums in Storrs and the Willington Oaks Apartments in Willington. The residents had previously been served by on-site well-water systems operated by their complexes.
Connecticut Water Service, Inc. (NASDAQ: 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 Company announced today that, due to a sudden loss of available water supply in its Hebron Center water system, it has requested and received a declaration of a public drinking water supply emergency under CGS Section 25-32b from the commissioner of the state Department of Public Health for its Hebron Center and Country Manor water systems. Those systems serve approximately 200 customers, including the consumers of the former Mill at Stonecroft system in Hebron.
Connecticut Water Service, Inc. (NASDAQ: CTWS) today issued the following statement:
We reiterate our invitation for Eversource to participate in the fair and open go-shop process that has been initiated by Connecticut Water and cease its pattern of seriously false statements that seem designed to interfere unfairly with the ability of Connecticut Water shareholders to receive the best possible transaction.
Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that it and SJW Group (NYSE: SJW) have amended the terms of the companies’ merger agreement.
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.
Connecticut Water employees are leading two hikes on the company’s watershed properties in Killingworth and Tolland on Saturday, June 2, as part of this year’s sponsorship of the Connecticut Forest & Park Association’s Connecticut Trails Day 2018. All hikers will be entered into a raffle for a chance to win a gift certificate to L.L. Bean. Connecticut Water will provide reusable water bottles and drawstring bags for the first 20 hikers to arrive.