American Water Works (AWK): American Water and Essential Utilities Proposed Merger Progresses with Approval from the Illinois Commerce Commission
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The Illinois Commerce Commission approved the proposed merger between American Water Works (NYSE: AWK) and Essential Utilities (NYSE: WTRG), marking another regulatory milestone for the combination of the two large U.S. water utilities. Illinois is the latest state regulator to sign off on the deal, which would join American Water, the nation's largest publicly traded water and wastewater utility, with Essential Utilities, a peer serving millions of customers across several states. Financial terms and deal value were not detailed in the release, and the companies did not disclose the number of state approvals still outstanding. The transaction still requires remaining state and federal clearances before closing, and investors will watch for the next regulatory decisions and any updated timeline for completion.
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Named in this story
American Water Works Company, Inc., Essential Utilities, Inc., American Water Works (AWK), Illinois Commerce Commission
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