C.W. Downer & Co. Assists the City of Nashua, NH, With Agreement to Acquire Pennichuck Corporation
C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that the City of Nashua has signed a definitive merger agreement to acquire all the outstanding shares of Pennichuck Corporation (Nasdaq: PNNW) for a price of $29.00 per share, or approximately $138 million in cash. The city will also assume $60 million of the company’s outstanding debt resulting in a total transaction value of nearly $200 million. If the transaction is approved, Nashua will acquire multiple...
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