American Water and Essential Utilities Unite in All-Stock Merger Deal

American Water Works and Essential Utilities have announced an all-stock merger, benefiting Essential shareholders with a 10% premium, marking a significant consolidation in the utilities sector.

• American Water Works Company, Inc. and Essential Utilities, Inc. confirmed an all-stock merger deal on Monday, focusing on enhancing operational efficiency and shareholder value.
• Under the merger terms, Essential Utilities shareholders will receive 0.305 shares of American Water for each share they hold, reflecting a 10% premium based on recent trading values.
• The merger is expected to be accretive to American Waters earnings within the first year post-completion, enhancing its position on the New York Stock Exchange.