March 19, 2018 by

Merger to create third-largest investor-owned utility in U.S.

SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS) announced in March that both companies’ boards of directors have unanimously approved a definitive agreement to combine through a merger of equals to create the third-largest investor-owned water and wastewater utility in the United States, based on pro forma enterprise value and combined rate base.

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