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BUSINESS
January 9, 1990 | From Associated Press
Like nomads at a desert oasis, investors here and abroad are gulping shares of Britain's newly privatized water industry, lifting prices to unexpected highs but raising fears of foreign control over a necessity of life. The government sold 10 water utilities in England and Wales for $8.4 billion earlier this month. It was the latest in a series of privatizations and surprisingly successful in an otherwise sluggish stock market. The government offered 2.183 million shares at the equivalent of $3.
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BUSINESS
May 30, 1996
Water Utility Gets Another Bidder: The British power supplier kicked off a battle for one of Britain's big water companies by making a $2.42-billion takeover offer. Analysts said the bid is unlikely to be enough to deter utility giant Scottish Power, which Tuesday offered $2.36 billion.
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BUSINESS
May 30, 1996
Water Utility Gets Another Bidder: The British power supplier kicked off a battle for one of Britain's big water companies by making a $2.42-billion takeover offer. Analysts said the bid is unlikely to be enough to deter utility giant Scottish Power, which Tuesday offered $2.36 billion.
BUSINESS
October 12, 1995 | Times Staff and Wire Reports
North West Water raised its bid for the British regional utility Norweb. Norweb said it would recommend acceptance of the new, $2.9-billion offer from the British water company because Houston Industries Inc. and Central & South West Corp., both based in Texas, would probably withdraw from the bidding war for it. Texas Energy Partners had last offered $2.77 billion for the company.
BUSINESS
August 1, 1995 | Times Staff and Wire Reports
Hanson Agrees to Buy Utility: The British-American conglomerate agreed to buy Britain's biggest regional electric company for $4 billion, the third takeover bid in as many weeks in the British utility industry. If it goes through, the all-cash offer for Eastern Group will be London-based Hanson's first major acquisition since its $2.3-billion takeover of Quantum Chemical of the United States in 1993.
BUSINESS
October 12, 1995 | Times Staff and Wire Reports
North West Water raised its bid for the British regional utility Norweb. Norweb said it would recommend acceptance of the new, $2.9-billion offer from the British water company because Houston Industries Inc. and Central & South West Corp., both based in Texas, would probably withdraw from the bidding war for it. Texas Energy Partners had last offered $2.77 billion for the company.
BUSINESS
December 13, 1989 | From Reuters
Britain's water companies made a big splash on London's stock market Tuesday as some of the 2.7 million investors who bought stock in 10 companies in England and Wales reaped instant profits when the shares began trading. The controversial selloff of the companies was the latest in Prime Minister Margaret Thatcher's sweeping privatization program and the third biggest after British Petroleum and British Gas. Water utilities in Northern Ireland and Scotland were not included in the offer. The $8.
BUSINESS
January 3, 1989 | DAN FISHER, Times Staff Writer
Few world leaders can match Margaret Thatcher's passionate faith in the ultimate good of the free market: Doubters need only consider $70 billion worth of state-owned industry, housing and utilities that the Conservative prime minister's government has sold off to private investors since taking power in 1979.
BUSINESS
September 29, 1995 | Times Staff and Wire Reports
Bidding War Erupts for Britain's Norweb: Two Texas utilities, Houston Industries Inc. and Central & South West Corp., made a friendly $2.7-billion takeover bid for the British utility. Hours later, Britain's North West Water said it was raising its hostile offer to $2.72 billion from $2.5 billion. Executives at Houston Industries and Central & South West indicated that their bid of $16.68 a share is not final. Norweb said it will recommend that shareholders accept the Texas offer.
BUSINESS
January 9, 1990 | From Associated Press
Like nomads at a desert oasis, investors here and abroad are gulping shares of Britain's newly privatized water industry, lifting prices to unexpected highs but raising fears of foreign control over a necessity of life. The government sold 10 water utilities in England and Wales for $8.4 billion earlier this month. It was the latest in a series of privatizations and surprisingly successful in an otherwise sluggish stock market. The government offered 2.183 million shares at the equivalent of $3.
BUSINESS
December 13, 1989 | From Reuters
Britain's water companies made a big splash on London's stock market Tuesday as some of the 2.7 million investors who bought stock in 10 companies in England and Wales reaped instant profits when the shares began trading. The controversial selloff of the companies was the latest in Prime Minister Margaret Thatcher's sweeping privatization program and the third biggest after British Petroleum and British Gas. Water utilities in Northern Ireland and Scotland were not included in the offer. The $8.
BUSINESS
January 3, 1989 | DAN FISHER, Times Staff Writer
Few world leaders can match Margaret Thatcher's passionate faith in the ultimate good of the free market: Doubters need only consider $70 billion worth of state-owned industry, housing and utilities that the Conservative prime minister's government has sold off to private investors since taking power in 1979.
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