StockMarketWire.com - The boards of directors of Northumbrian Water Group plc and UK Water (2011) Limited have reached agreement on the terms of a recommended cash offer by which all of the issued share capital of Northumbrian will be acquired by UK Water.

UK Water is a newly incorporated company, indirectly wholly-owned by a consortium led by Cheung Kong Infrastructure Holdings Limited.

Under the terms of the acquisition, Northumbrian Shareholders will receive 465 pence in cash for each Northumbrian Share, which values Northumbrian's entire issued share capital at approximately £2,412 million.

Northumbrian Shareholders on the register on 12 August 2011 will also remain entitled to receive the net final dividend of 9.57 pence per Northumbrian Share in respect of the year ended 31 March 2011, to be paid on 9 September 2011.




At 8:22am: [LON:NWG] Northumbrian Water Group share price was +19.05p at 468.45p



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