Severn Trent rejected the raised bid from LongRiver consortium. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent, a British water firm rejected the increased US$8.
Tags: Severn Trent
Shire CFO to leave drugmaker as AbbVie drops bid
British drugmaker Shire (SHP.L) will lose its interim chief financial officer early next year to water supplier Severn Trent (SVT.L), the latest blow for Shire, whose proposed $55-billion acquisition by U.S. rival AbbVie (ABBV.N) was aborted last week.
JPMorgan: U.K. Water M&A possible amid regulator review
JP Morgan Chase & Co. said that M&As within the UK water industry still exits amid regulatory price review.
Severn Trent fumbles as Borealis exits proposal
Severn Trend slipped after Borealis abolishes previous proposal. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent Plc (SVT) suffered in London trading after being left behind in a previous agreement to pursue Borealis Infrastructure Management Inc.
Severn Trent Bid Rejection Causes Ripples
Severn Trent rejection of the LongRiver consortium bid causes ripples in the mergers and acquisitions market as well as losses for hedge fund firms anticipating the buyout sale.
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The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- SoftBank Corp is in talks with Deutsche Telekom AG over a possible deal for T-Mobile US Inc, as the Japanese company looks for alternatives to enter the U.
Severn Trent rejects the new offer made by LongRiver consortium as it says it does not recognize the long term value and potential of the British water utilities firm.
According to the Financial Times, Severn Trent, a water and sewage utility, is now the target of a takeover bid by OMERS and the Kuwaiti Investment Authority.
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