Severn Trent Rejects Takeover Bid From Borealis, Kuwait, USS
British water company Severn Trent Plc has rejected an approach by a consortium consisting of Borealis Infrastructure Management, the infrastructure investment arm of Ontario Municipal Employees Retirement System, Kuwait Investment Office and U.K.-based Universities Superannuation Scheme. After meeting with the investor group, the company's board said the acquisition offer, the value of which has been reported at £5.3 billion (US$8.1 billion), failed "to recognise the existing and potential value of Severn Trent."
15 May 2013•1 min read
