Reported Earlier, Pennsylvania American Water And Towamencin Township Move To Terminate Wastewater System Sale Amid Regulatory Changes
Portfolio Pulse from Benzinga Newsdesk
Pennsylvania American Water and Towamencin Township have decided to terminate the sale of the township's wastewater system due to regulatory changes. Initially, NextEra Water was set to purchase the system, but they exited the transaction, and Pennsylvania American Water stepped in as the buyer. The agreement is now being terminated.
August 29, 2024 | 6:57 am
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Pennsylvania American Water's acquisition of Towamencin Township's wastewater system has been terminated due to regulatory changes. This may impact AWK's growth plans and financial projections.
The termination of the acquisition deal could negatively impact Pennsylvania American Water's growth strategy and financial outlook, as the acquisition was part of their expansion plans. Regulatory changes have led to the deal's cancellation, which may affect investor sentiment.
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