10.06.2013 - OMERS, partners sweeten bid for U.K.’s Severn Trent to $8.2-bln
A consortium led by a Kuwaiti sovereign wealth fund and two pension companies raised its proposed offer for Severn Trent to $8.2-billion (U.S.) on Friday, sending the British water utility’s share price up by as much as 9 per cent. LongRiver Partners comprising the Kuwait Investment Office, Britain’s Universities Superannuation Scheme and Borealis Infrastructure, which is part of Canadian pension fund Ontario Municipal Employees Retirement System, submitted a conditional cash offer of 2,200 pence for each Severn Trent share to the company’s board...............................................Full Article: Source
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