Severn Trent’s suitors threaten to withdraw

Severn Trent’s suitors threaten to withdraw ‘The Severn Trent board has shown no interest in discussing our Pre-conditional Offer with us,’ consortium says.
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Severn Trent bidders consider improved takeover offer

Consortium likely to offer about £21 a share after company’s results this week, but some investors said to want £23Severn Trent is bracing itself for an improved takeover bid worth £5bn after its swift rejection of an approach from a group of UK and international investors.The water company will report full-year figures on Thursday and […]
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Lamprell takes the heat off by meeting in Dubai

The London-listed oil rig builder had a year to forget. But critics might find it hard to attend an AGM in the Gulf on a bank holidayIn an age where one or two shareholders have made occasional moves that might be portrayed as courageous, and posed the odd tricky question to company management, here is […]
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Severn Trent says £5bn bid is not high enough

Water firm shares up 14% after conditional proposal from consortium from Kuwait, Canada and UKThe water company Severn Trent has rejected a preliminary approach that valued it at about £5bn, saying it was undervalued.The earlier news of the potential bid drove shares in the FTSE 100 company – which supplies water and sewerage services to […]
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Water company Severn Trent receives takeover bid

Consortium of Kuwaiti, Canadian and British investors is preparing possible acquisitionThe water company Severn Trent has confirmed that it has received a bid approach that could value it at about £5bn.The news drove shares in the FTSE 100 company – which supplies water and sewerage services to 4.2m businesses and households in the Midlands and […]
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Water company Severn Trent receives £5bn bid approach

Consortium of UK, Kuwaiti and Canadian investors face 11 June deadline to confirm takeover attemptSevern Trent has confirmed it has received a bid approach that could value the water company at up to £5bn.The news drove shares in Severn Trent, which supplies water and sewerage services to 4.2m businesses and households in the UK, 18% […]
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Loss Adjusting Services for Severn Trent

Loss Adjusting Services for Severn Trent Severn Trent is seeking a Loss Adjuster service provider. We are seeking one provider, covering all claims (Property First Party, Employers Liability and Third Party liability). We anticipate that this contract will commence in December 2012 or January 2013.
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Never bet against a water company

The moral of Severn Trent’s tale is that a ‘tough’ regulatory outcome in year one often looks very gentle by year threeSevern Trent today produced a pleasant surprise for its shareholders — a 63p per share special dividend costing £150m. Hold on, you might say, wasn’t the water industry clobbered in Ofwat’s last five-year price […]
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