American Water Works Company, Inc. (NYSE: AWK) and Essential Utilities, Inc. (NYSE: WTRG) have announced that their respective shareholders have approved the proposals related to their proposed merger. The final voting results reported by each company on a current report on Form 8-K filed with the U.S. Securities and Exchange Commission indicate that approximately 99% of American Water's shares present at the meeting voted to approve the share issuance, while nearly 95% of Essential Utilities' shares voted were cast in support of the merger.
The merger, subject to customary closing conditions including clearance under the Hart-Scott-Rodino Act and required regulatory approvals, is expected to close by the end of the first quarter of 2027.
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. The company's 6,700 professionals leverage their expertise and national size and scale to achieve excellent outcomes for customers, employees, investors, and other stakeholders.
Essential Utilities, operating as the Aqua and Peoples brands, delivers safe, clean, reliable services in water, wastewater, and natural gas to approximately 5.5 million people across nine states. The company is committed to sustainable growth, operational excellence, and providing a superior customer experience.
For additional information regarding the transaction, please visit americanwateressentialutilitiesmerger.com.
As the merger progresses, the companies will continue to navigate through the necessary steps to finalize the deal, and shareholders and industry observers will be watching closely for any further developments. The market has reacted to these announcements by moving the company's shares -0.45% to a price of $39.82. If you want to know more, read the company's complete 8-K report here.
