Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

United Utilities Rises for Fourth Day on Reports of Possible Bid

Don't Miss Out —
Follow us on:

Sept. 19 (Bloomberg) -- United Utilities Group Plc, the U.K.’s biggest publicly traded water company, rose for a fourth day in London trading on newspaper reports of a possible bid.

The Warrington-based utility climbed 2.8 percent to a one-month high of 727 pence by the close. It’s advanced 20 percent this year compared with a 19 percent gain by Britain’s second-largest water company, Severn Trent Plc. Pennon Group Plc has risen 4.3 percent while the 18-member Bloomberg World Water Index has gained 14 percent over the same period.

United Utilities spokesman Shaun Robinson declined to comment on “City speculation” to Bloomberg News today on what the Telegraph called “rehashed takeover” talk. The Guardian yesterday cited speculation of a potential bid from investors including the Ontario Teachers’ Pension Plan, Abu Dhabi funds, China Investment Corp. and KKR & Co.

The utility gained similarly on Aug. 14 on a Daily Mail report citing breakup bid speculation and some of the same company names.

Link to Company News:{PNN LN <Equity> CN <GO>} Link to Company News:{SVTA LN <Equity> CN <GO>} Link to Company News:{UU/ LN <Equity> CN <GO>}

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

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.