8-KRegulation FDExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Regulation FD Disclosure (Apr 19, 2018)

Filed April 19, 2018For Securities:ES

Summary

Eversource Energy (ES) has filed an 8-K report on April 19, 2018, to disclose a significant development: a proposed acquisition of Connecticut Water Service, Inc. (CTWS). This proposed acquisition is presented as a non-binding indication of interest, offering CTWS shareholders $63.50 per share in either cash or ES common shares, at their election. This move follows an earlier communication from ES on April 5, 2018, asserting that their proposal is a superior alternative to CTWS's existing merger agreement with SJW Group.

Key Highlights

  • 1Eversource Energy proposes to acquire Connecticut Water Service, Inc. for $63.50 per share.
  • 2The offer provides shareholders with a choice between cash or Eversource Energy common shares.
  • 3This proposal is framed as a superior alternative to Connecticut Water's merger agreement with SJW Group.
  • 4The offer is currently a non-binding indication of interest.
  • 5The announcement was made via a news release dated April 19, 2018, included as an exhibit to the 8-K.
  • 6The filing does not incorporate the disclosed information into SEC filings unless specifically stated otherwise.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce Eversource Energy's non-binding proposal to acquire Connecticut Water Service, Inc. and to inform investors of this strategic development.

Eversource Energy has proposed to acquire all outstanding shares of Connecticut Water Service, Inc. for $63.50 per share. Shareholders of Connecticut Water will have the option to receive this amount in cash or in shares of Eversource Energy common stock.

Eversource Energy believes its proposal represents a superior alternative to the merger agreement between Connecticut Water and SJW Group. However, the acquisition is not yet finalized, and this is an indication of interest following an earlier communication to Connecticut Water.

No, the filing clearly states that Eversource Energy's proposal is a non-binding indication of interest. This means the terms are not yet finalized, and the transaction is subject to further negotiation and conditions.