Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Aqua America Completes Sale Of Maine Operations To Connecticut Water Service

RELATED NEWS
Trade WTR now with 

Aqua America, Inc. (WTR: Quote) announced that it has completed the sale of its Maine operations to Connecticut Water Service Inc. (CTWS: Quote) effective January 1, 2012, which includes 11 water systems serving 16,000 customers in 17 communities throughout Maine.

Connecticut Water purchased all of the capital stock of Aqua Maine, Inc. for an aggregate cash purchase price of approximately $35.8 million, plus the assumption of long-term debt that, as of December 31, 2010, was approximately $17.7 million, subject to certain closing adjustments.

Aqua America expects to book a gain on the transaction in the first quarter of 2012.

Click here to receive FREE breaking news email alerts for Aqua America Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance. Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll. On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.