C.w. Downer & Co. Assists the City of Nashua, Nh, With Acquisition of Pennichuck Corporation
C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that the City of Nashua has completed the acquisition of Pennichuck Corporation (Nasdaq: PNNW). Through this transaction, Nashua has acquired the three regulated water utilities owned by Pennichuck, the company’s water services and real estate operations, and all the watershed land owned by the company. Pennichuck shareholders will receive $29 per share for a total of $137.8 million. Including assumed corporate debt, the transaction value was...
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