Financial News
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Bid hopes send Severn Trent soaring
31 Jul 2006
source:
today.reuters.co.uk
LONDON (Reuters) - Shares in Severn Trent climbed 6 percent on Monday after weekend reports suggested that U.S.-based private equity groups had the water utility in sight for a 5 billion-pound takeover. But Britain's second-biggest listed water company (SVT.L: Quote, Profile, Research) , which provides water and sewerage services to some 8 million customers in 5 million households and businesses, said it had not received any formal or informal offer before declining further comment. A report i ... |
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Severn Trent shares jump on bid talk
31 Jul 2006
source:
today.reuters.co.uk
LONDON (Reuters) - Shares in Severn Trent (SVT.L: Quote, Profile, Research) climbed 6 percent on Monday after weekend reports suggested that U.S.-based private equity groups had the water utility in sight for a 5 billion-pound takeover. But Britain's second-biggest listed water company, which provides water and sewerage services to some 8 million customers in 5 million households and businesses, said it had not received any formal or informal offer before declining further comment. A report i ... |
