SouthWest Water Merger to Close (SWWC)

SouthWest Water Company SWWC today announced that it has received approval for its proposed merger from the California Public Utilities Commission, a required condition to closing. The company previously received regulatory clearance from four of the five required state public utility regulators; California was the sole remaining state approval needed. Subject to the satisfaction of the remaining customary closing conditions, the company anticipates the transaction will close on September 13th. On March 3, 2010 the company announced it agreed to be acquired by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management, LLC. In early August, SouthWest Water stockholders approved the merger agreement. Under the agreement, SouthWest Water stockholders will be entitled to receive $11 per share. See Some of the Top Moving Indexes Here.