Borealis Weighs £5b Takeover Bid for Severn Trent: Sunday Times
2015-06-21 07:21:45.128 GMT
By Sejul Gokal
(Bloomberg) -- Canadian pension fund is considering bid for
the U.K. water utility, two years after earlier attempt was
rejected, The Sunday Times reports, without citing anyone.
* Two cos. started discussions last mo.; talks at early stage,
no certainty deal will be agreed
* Severn Trent in 2013 rejected £22-a-share bid from Borealis,
which manages $70b
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To contact the reporter on this story:
Sejul Gokal in London at +44-20-3525-3934 or
sgokal1@bloomberg.net
To contact the editor responsible for this story:
Jenny Paris at +44-20-3525-4044 or
jparis20@bloomberg.net
2015-06-21 07:21:45.128 GMT
By Sejul Gokal
(Bloomberg) -- Canadian pension fund is considering bid for
the U.K. water utility, two years after earlier attempt was
rejected, The Sunday Times reports, without citing anyone.
* Two cos. started discussions last mo.; talks at early stage,
no certainty deal will be agreed
* Severn Trent in 2013 rejected £22-a-share bid from Borealis,
which manages $70b
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Sejul Gokal in London at +44-20-3525-3934 or
sgokal1@bloomberg.net
To contact the editor responsible for this story:
Jenny Paris at +44-20-3525-4044 or
jparis20@bloomberg.net