Pennon Group ADR (PEGRY) 24.1200 $PEGRY CMA clears water

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Pennon Group ADR (PEGRY) 24.1200 $PEGRY

CMA clears water merger
M2 - Thu Nov 05, 2:20AM CST
This follows the Competition and Markets Authority's (CMA) provisional decision to clear the merger at the end of September.

CMA provisionally clears water merger
M2 - Wed Sep 30, 2:45AM CDT
In June 2015, the completed acquisition by Pennon Group plc (the owner of South West Water Limited) of Bournemouth Water Investments Limited (which operates Bournemouth Water) was referred for an automatic in-depth investigation. The Competition and Markets Authority (CMA) had to assess whether the merger could be expected to prejudice the ability of Ofwat to make comparisons between different water companies for the purpose of its regulatory functions.

CMA publishes water merger issues statement
M2 - Fri Jul 03, 4:30AM CDT
Last month, the Competition and Markets Authority (CMA) announced it was referring the completed acquisition by Pennon Group plc (the owner of South West Water Limited) of Bournemouth Water Investments Limited (which operates Bournemouth Water) for a mandatory in-depth investigation.

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