California American Water Purchases Yerba Buena Water Company's Assets; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
California American Water has acquired the assets of Yerba Buena Water Company. The terms of the deal were not disclosed.
July 30, 2024 | 8:14 pm
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California American Water (AWK) has acquired the assets of Yerba Buena Water Company. The terms of the deal were not disclosed.
The acquisition of Yerba Buena Water Company's assets by California American Water (AWK) is likely to positively impact AWK's stock price in the short term. Acquisitions generally indicate growth and expansion, which can be favorable for investors. However, the lack of disclosed terms adds some uncertainty.
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