Pennichuck Water Works

It was announced Friday November 12th, 2010 that the city has signed a definitive merger agreement to acquire all the outstanding shares of Pennichuck Corporation (Nasdaq: PNNW) for a price of $29 per share, or approximately $138 million in cash. Under the proposed acquisition, the city will acquire control of all of the company assets, liabilities and businesses, including the land comprising the watershed of the Pennichuck Brook and the three regulated water utilities owned by the company.

Bond Rating News On Pennichuck Sale
Read the Fitch Press Release for Nashua GO Bonds and the Nashua NH Moodys report.

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