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American Water Works to acquire Exeter Township Wastewater System

  • Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK +0.2%) has signed an agreement to acquire the wastewater assets of Exeter Township in Berks County. The total value of the transaction is ~$96M.
  • The company expects to close the transaction by the end of Q119.
  • Pennsylvania American Water has also committed to invest $3M in wastewater and/or water improvements within Exeter Township.
  • Press Release

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