American water and essential utilities to merge as a leading regulated u.s. water and wastewater utility

Camden, n.j. & bryn mawr, pa.--(business wire)--american water works company, inc. (nyse: awk) (“american water”) and essential utilities, inc. (nyse: wtrg) (“essential”) today announced that each company's board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger as a leading regulated u.s. water and wastewater public utility with a pro forma market capitalization of approximately $40 billion and a combined enterprise value of approximately.
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