America's New Watchword: If It Moves, Privatize ItEric Schine
American Water Works Co. is waging a $300 million hostile takeover bid--but it's not the usual corporate raid. The Voorhees (N.J.) water-supply company is fighting for control of the Santa Margarita Water District, a public entity that serves homes across Orange County, Calif. American Water helped organize a voter-petition drive to dissolve the district and turn control over to the company. It vows to take on the district's debt and cut costs.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.