Company Overview and News
American Water Works’ (AWK - Free Report) subsidiary — Illinois American Water — recently announced plans to invest approximately $16.96 million to improve water service distribution systems. In particular, investment of $14 million has been allotted for the installation and replacement of water main in Peoria District, $2.3 million in Pekin and $0.65 million in Lincoln to upgrade the distribution system.
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Eversource Energy (ES - Free Report) has reaffirmed its original offer to acquire Connecticut Water Service, Inc. at $63.50 per share in cash or Eversource shares. Eversource’s earlier offer was rejected by management of Connecticut Water Service, citing that it was inferior to the offer made by SJW Group (SJW - Free Report) . (Read more: :Connecticut Water Loyal to SJW Group, Rejects Eversource Bid)
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Aqua America (WTR - Free Report) announced that its subsidiary, Aqua Pennsylvania, has reached a joint settlement agreement to buy the wastewater assets of Limerick Township. If the agreement is approved by the Pennsylvania Public Utility Commission, it will add nearly 5,400 wastewater customers to Aqua America’s customer base. Aqua America has been expanding its customer base through acquisitions, partnerships and organic growth.
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NEW YORK (Reuters) - California’s utilities regulator has told SJW Group (SJW.N) it must seek approval for its proposed merger with Connecticut Water Service Inc (CTWS.O), according to a document provided by the regulator to Reuters, a move that creates a potentially significant impediment to the deal.
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California Water Service Group (CWT - Free Report) announced that the company has commenced the procedure of tender offer for the acquisition of SJW Group (SJW - Free Report) . The offer entails the company to acquire all the outstanding shares of SJW Group for an all-in-cash price of $68.25 per share, at a 6.1% premium from the price on the date of offer. The purchase price offered to SJW Group’s shareholders represents a 30% premium and exceeds the all-time high of its closing share price when California Water Service made the buyout proposal on Apr 4, 2018.
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American Water Works Company (AWK - Free Report) announced that its subsidiary, New Jersey American Water will invest $2 million in 2018 to replace the aging water mains in its Millburn service area. The company aims to replace 6,300 feet of old mains to increase service reliability and improve water flow for residential consumption. This project will also replace 12 fire hydrants and 53 utility-owned service lines along the pipeline route.
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American Water Works Company Inc. (AWK - Free Report) continues its tradition of expanding services throughout the United States via acquisitions. The company announced that its subsidiary, Pennsylvania American Water entered into an agreement to acquire Exeter Township’s wastewater system for $96 million. This acquisition will increase American Water Works’ customer volume by 9,000. Pennsylvania American Water has been providing wastewater services to nearly 70% residents of Exeter Township.
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When it comes to high-quality dividend growth stocks, the Dividend Aristocrats are hard to beat. The Dividend Aristocrats are a group of 53 stocks in the S&P 500 Index, with 25+ consecutive years of dividend increases.
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The largest five individual stock positions are Cisco Systems, Berkshire Hathaway, Baidu Inc., Johnson & Johnson, and Alphabet, and they account for ~49% of the portfolio.
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American Water Works Company Inc. (AWK - Free Report) continues to expand its operations in the United States via acquisitions. The company announced that its subsidiary, Illinois American Water entered into an agreement to acquire Sundale Utilities, Inc.’s water and wastewater system for $2 million. This acquisition will increase American Water Works’ wastewater and water customers by 1, 415 and 475, respectively.
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Connecticut Water Service Inc. (CTWS - Free Report) reported first-quarter 2018 loss of 10 cents per share against the year-ago earnings of 36 cents. The $5.3 million year-over-year decline in net income in the reported quarter was due to a non-recurring tax benefit and costs in 2018 related to the merger of equals with SJW Group (SJW - Free Report) . Total Revenues In first-quarter 2018, Connecticut Water’s total revenues were $26.
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2018-06-22 - Asif
Overview Cascadian Therapeutics is a clinical-stage biopharmaceutical company focused on the development of therapeutic products for the treatment of cancer. The company's goal is to develop and commercialize novel targeted compounds that have the potential to improve the lives and outcomes of cancer patients. The company's lead clinical-stage product candidate is tucatinib, an oral, HER2-selective small molecule tyrosine kinase inhibitor. The company's pipeline also includes two preclinical-stage product candidates: CASC-578, a Chk1 kinase inhibitor, and CASC-674, an antibody program against an immuno-oncology target known as TIGIT. 2018 Merger Agreement On January 30, 2018, the company entered into an Agreement and Plan of Merger (the Merger Agreement) with Seattle Genetics, Inc., a Delaware corporation (Seattle Genetics), and Valley Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Seattle Genetics (Merger Sub). Pursuant to the Merger ...
2018-06-22 - Asif
Business Overview The Corporation is a Delaware corporation, a bank holding company (BHC) and a financial holding company. When used in this report, “the Corporation” may refer to Bank of America Corporation individually, Bank of America Corporation and its subsidiaries, or certain of Bank of America Corporation’s subsidiaries or affiliates. The company's principal executive offices are located in Charlotte, North Carolina. Through its banking and various nonbank subsidiaries throughout the U.S. and in international markets, the company provide a diversified range of banking and nonbank financial services and products through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets, with the remaining operations recorded in All Other. The company operate its banking activities primarily under the Bank of America, National Association (Bank of America, N.A. or BANA) charter. At March 31, 2018, the Corporation had a...
2018-06-18 - Asif
Business Arrowhead develops medicines that treat intractable diseases by silencing the genes that cause them. Using a broad portfolio of RNA chemistries and efficient modes of delivery, Arrowhead therapies trigger the RNA interference mechanism to induce rapid, deep and durable knockdown of target genes. RNA interference, or RNAi, is a mechanism present in living cells that inhibits the expression of a specific gene, thereby affecting the production of a specific protein. Deemed to be one of the most important recent discoveries in life science with the potential to transform medicine, the discoverers of RNAi were awarded a Nobel Prize in 2006 for their work. Arrowhead’s RNAi-based therapeutics leverage this natural pathway of gene silencing. In fiscal 2017, Arrowhead refocused its resources on therapeutics that exclusively utilize the company’s Targeted RNAi Molecule (TRiMTM) platform technology. Therapeutics built on the TRiMTM platform have demonstrated high levels of pha...
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