American Water Works, Essential Utilities to merge in all-stock deal

American Water Works and Essential Utilities to Merge in All-Stock Deal

On Monday, American Water Works Company, Inc. (NYSE: AWK) and Essential Utilities (NYSE: WTRG) announced an all-stock merger agreement that will create a leading regulated U.S. water and wastewater public utility. The combined enterprise value of the merged company is approximately $63 billion.

Under the terms of the deal, shareholders of Essential Utilities (NYSE: WTRG) will receive shares in the new company, further details of which are yet to be disclosed.

This merger aims to enhance operational efficiencies and expand service capabilities to better serve customers across the United States.

Stay tuned for more updates on this significant development in the water utility sector.
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