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Aug 20 2018
PURA Approves Rate Settlement Agreement for Connecticut Water

On Aug. 15, 2018, the Connecticut Water Company (“the Company”) received unanimous approval from the Connecticut Public Utilities Regulatory Authority (PURA) on a Settlement Agreement that was developed between the Company and the state’s consumer advocate at the Office of the Consumer Counsel (OCC).

Aug 06 2018
SJW Group and Connecticut Water Amend Agreement; SJW Group to Acquire All Connecticut Water Shares for $70.00 per Share in Cash

SJW Group (NYSE: SJW) (“SJW Group”) and Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”) today announced that they have amended the terms of their previously announced merger agreement from a stock-for-stock transaction to an all-cash acquisition of all outstanding common shares of Connecticut Water by SJW Group for $70.00 per Connecticut Water common share. The cash transaction, which has a value of $1.1 billion and an equity purchase price of $843 million, is expected to be immediately accretive to SJW Group’s earnings per share (EPS) in 2019 (post-close), increasing each year thereafter to high single-digit percentage EPS accretion in 2021.

Jul 26 2018
Connecticut Water Recognized for Safe Workplace Initiatives - Receives Safe Workplace Certification

The Center for Personal Protection & Safety (CPPS) recognized the Connecticut Water Service, Inc. and its utility operations Connecticut Water, Maine Water, Heritage Village and Avon Water with their first of its kind Safe Workplace Certification.

Jul 20 2018
SJW Group and Connecticut Water File New Application with Connecticut Public Utilities Regulatory Authority for Approval of Merger of Equals

SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water”) today announced that on Wednesday, July 18, 2018 they submitted a new application for the approval of their merger of equals, with the Connecticut Public Utilities Regulatory Authority (“PURA”). 

Jul 16 2018
Connecticut Water Service Clarifies Mischaracterization of Eversource’s Inferior Acquisition Proposal

Connecticut Water Service, Inc. (NASDAQ: CTWS) today issued the following statement regarding recent mischaracterizations of Eversource Energy’s (NYSE: ES) July 2, 2018 acquisition proposal. The Eversource proposal is to acquire all of the outstanding shares of Connecticut Water common stock for $64.00 per share in cash and/or in Eversource common stock at the election of Connecticut Water shareholders: 

Jul 13 2018
Connecticut Water Service Confirms Receipt and Evaluation of Revised Acquisition Proposal from Eversource Energy

Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced that it recently received a revised acquisition proposal from Eversource Energy (NYSE: ES) to acquire all of the outstanding shares of Connecticut Water common stock for $64.00 per share in cash and/or in Eversource common stock at the election of Connecticut Water shareholders.  In accordance with the terms of the SJW Group amended merger agreement, the Connecticut Water Service Board of Directors, in consultation with its financial and legal advisors, carefully reviewed Eversource’s revised acquisition proposal and unanimously concluded that it is not a superior proposal as compared to the terms, value and benefits of the SJW Group (NYSE: SJW) merger of equals.  Moreover, the Board unanimously determined that Eversource’s revised proposal is inadequate and still undervalues Connecticut Water on a standalone basis. 


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