Bid Approach for Water Tiddler Livens Up Utilities ; Market Report

Summary


THE utilities sector received a shot in the arm today from news of a bid approach for East Surrey Water from an unnamed source.

Its shares rose 45 1/2p to 520 1/2p.

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Extract


Bid Approach for Water Tiddler Livens Up Utilities ; Market Report

If the deal goes ahead, investors will receive an offer worth 535p a share, including 10p of dividend, which will value the group at Pounds 450 million. East

Su...

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