Thai Water Company Hydrotek Delays Universal Adsorbents Merger

Hydrotek Pcl (HYDRO), a Thai water company, has indefinitely postponed its plan to merge with Universal Adsorbents & Chemicals Pcl (UAC), citing unfavorable market conditions at home and abroad.

The water-treatment company in a regulatory filing to the Stock Exchange of Thailand said it agreed to delay the merger as markets have “been fluctuating significantly” without saying when they may resume. The stock has fallen five straight days, trimming gains the past year to 76 percent.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.