Middlesex Water: Thirsty Neighbors?By
Water is hot, and more of it than most people realize is sold by publicly held companies. Stock picker Charles LaLoggia, who has been high on water utilities since December as potential takeover targets, has seen two of his picks bought out in the past three months: Aquarion, operating in Connecticut, received a bid in June from Britain's Yorkshire Water, and United Water Resources, based in Harrington Park, N.J., got an offer on Aug. 23 from France's Suez Lyonnaise des Eaux. Two others got acquired earlier in the year. So who's next?
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