American Water Works Company, Inc. (NYSE: AWK) and Essential Utilities, Inc. (NYSE: WTRG) recently announced the overwhelming approval of their proposed merger by their respective shareholders. The approval came as approximately 99% of American Water's shares present at the meeting voted to approve the share issuance, and nearly 95% of Essential Utilities' shares were cast in support of the merger.
The merger, which is expected to close by the end of the first quarter of 2027, remains subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act and required regulatory approvals, including approval from applicable public utility commissions.
American Water, the largest regulated water and wastewater utility company in the United States, serves more than 14 million people with regulated operations in 14 states and on 18 military installations. With a history dating back to 1886, the company has 6,700 professionals leveraging their expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors, and other stakeholders. Following these announcements, the company's shares moved -0.01%, and are now trading at a price of $133.34. For more information, read the company's full 8-K submission here.
