Artesian Resources rises after deal to buy Delaware utility
31/08/2021 17:23
** Water distributor's shares ARTNA.O up 2.1% at $40
** Co after market hours on Monday said its wholly-owned
subsidiary, Artesian Wastewater Management to buy Delaware-based
wastewater utility Tidewater Environmental Services (TESI) for
$6.4 mln urn:newsml:reuters.com:*:nGNXbKfz4J
** Co's unit will purchase all of the stock of TESI, which
serves about 3,600 retail wastewater customers in Sussex County,
Delaware
** Transaction expected to be finalized prior to Dec. 31
** Stock up ~7.2% YTD
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))