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California Water Service Commences Tender Offer For SJW Group - Quick Facts

California Water Service Group (CWT) announced it has commenced a tender offer to acquire all outstanding shares of SJW Group (SJW) for $68.25 per share in cash. The offer is scheduled to expire on August 3, 2018.

On April 4, 2018, California Water made a private proposal to acquire SJW. In light of SJW's refusal to engage, California Water has decided to take its proposal directly to SJW stockholders in the form of a tender offer.

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