Essential Utilities up after American Water to buy co in all-stock deal
** Shares of Essential Utilities WTRG.N up 1.9% to about $42 in premarket trading ** American Water Works AWK.N shares down 1.2% ** American Water Works AWK.N to buy WTRG in an all-stock deal valued at over $12 billion, according to Reuters calculations ** AWK shareholders will own 69% and WTRG shareholders will own 31% of the combined co ** Combined co to be valued at about $63 bln, including debt ** YTD, WTRG up 13.5%, AWK up 13.7% (Reporting by Megavarshini G. Somasundaram in Bengaluru) ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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