Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Connecticut Water Share Offering to Raise Funds to Help Cut Debt

Dec. 13 (Bloomberg) -- Connecticut Water Service Inc., which completed the acquisition of a water company this week to expand in the U.S. Northeast, said the issuing of new shares to help pay debt will raise about $43.1 million.

That’s more than twice the price paid for the $19.8 million acquisition of Biddeford and Saco Water Co. in Maine. The Clinton, Connecticut-based water provider said proceeds from about 1.48 million shares priced at $29.25 each would pay down short-term borrowings and be used for corporate purposes.

The stock fell 7.5 percent to $29.29 yesterday, the most since August 2011, on more than three times the average 3-month daily volume. The water company’s shares have now risen 8 percent this year compared with a 13 percent gain by the 18-member Bloomberg World Water Index.

Link to Company News:{CTWS US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at

To contact the editor responsible for this story: Randall Hackley at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.