Hints and tips:
...AWG, the parent company of Anglian Water, was also bought out – for £2.2bn by a group of Canadian and Australian pension funds....
...AWG, the parent company of Anglian Water, also changed hands last year after a consortium of Canadian and Australian pension funds paid £2.2bn for it....
...Monday’s agreed bid of £15.55 per share for AWG was already rich. Then it emerged that AWG had been approached by other potential suitors and its shares leapt past £16....
...Osprey Acquisitions, a consortium of international funds, revised an offer for AWG, the UK water utility, just on whispers that Merrill Lynch was about to intervene. It never did....
...The dawn raid saw Osprey snatch another 13.7m AWG shares, or some 9.64 per cent, talking its stake to 22.11 per cent. AWG shares slipped 0.3 per cent to £16.03 in early London trading....
...The fund contained an investment in AWG, which stock market investors had exited months earlier at a lower valuation. Of course, the difference with Alliance Boots is that the equity will be unlisted....
...Viridian and AWG were acquired by financial buyers while Scottish Power, up 0.1 per cent to 742½p, recommended a bid from Iberdrola of Spain....
...The revised offer of £15.78 a share values the water company at almost £2.25bn and comes after AWG’s board last week accepted an offer of £15.55 from Osprey....
...Last year a 3i-led consortium bought AWG, the water utility, for nearly $10bn and a group involving Blackstone and KKR paid $13.9bn for TDC, the Nordic telecoms group, in 2005, but an acquisition of the...
...AWG, the Anglian water group, was last week still trading above its £15.78 a share takeover offer from a consortium led by Commonwealth Bank of Australia....
...On that basis, and adjusting the RAB for £150m of additional capital expenditure on London’s pipes, it is possible to calculate an implied multiple of 1.26 times – in line with the earlier bid for AWG....
...“We recommend investors should take profits now and, in effect, accept what amounts to a virtual takeover approach at a valuation in line with recent offers for AWG and Thames,” Peter Bisztyga, analyst,...
...Private equity and infrastructure funds have focused on utilities, attracted by high energy and water prices and the prospect of predictable cash flows.This week, AWG, owner of Anglian Water, received a...
...Severn Trent shares trade on a forward p/e ratio of 15 times, which is in line with the UK water sector but a discount to a pure water stock such as AWG, owner of Anglian Water....
...Now included in the portfolio are stakes in pharmaceutical giant AstraZeneca, the insurer Aviva, the water services group AWG, the UK manufacturing group Bodycote International, publishing house Reed Elsevier...
...In the mid-cap FTSE 250, Viridian, AWG, Kelda and Pennon all closed lower. Property stocks were also marked lower amid fears that the Federal Reserve could step up the pace of monetary tightening....
...AWG dropped 1.3 per cent to 607p. The FTSE 100 fell 1.7 per cent yesterday, and the 250 index was off 1.2 per cent following a lower than expected rise in US employment in July....
...Elsewhere in the sector, Pennon rose 3.4 per cent to 770½p, Severn Trent was up 1.9 per cent at 811½p, Northumbrian Water was 0.5 per cent to the good at 137¼p, Kelda added 2 per cent to 523½p, but AWG fell...
International Edition