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Item 7.01 | | Regulation FD Disclosure. |
As previously announced, on August 5, 2018, Connecticut Water Service, Inc., a Connecticut corporation (the “Company”), SJW Group, a Delaware corporation (“SJW”), and Hydro Sub, Inc., a Connecticut corporation and a direct wholly owned subsidiary of SJW (“Merger Sub”), entered into a Second Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of SJW.
On January 9, 2019, the Company and SJW issued a joint press release announcing that they are continuing to evaluate their regulatory approach, including the possibility of submitting a new application to the Connecticut Public Utilities Regulatory Authority (“PURA”), in connection with the proposed Merger. Pending this review, they have withdrawn their current application before the PURA for approval of the Merger. The Company and SJW also confirmed that the Merger Agreement remains in effect and the companies remain committed to the Merger and to realizing its many stakeholder benefits.
A copy of the joint press release is filed as Exhibit 99.1 to this current report on Form8-K and is incorporated herein by reference.
The information contained in this current report on Form8-K, including Exhibit 99.1 attached hereto, is being furnished and, as a result, such information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01 | | Financial Statements and Exhibits. |
(d) Exhibits |