Cascal Fails In Bid To Block Sembcorp Takeover

Law360, New York (May 19, 2010, 4:35 PM EDT) -- A federal judge has refused to block Sembcorp Industries Ltd.’s takeover of Dutch water services firm Cascal NV, despite Cascal’s contention that the sale would result in the release of confidential information to securities regulators that would breach certain contracts.

Judge Lewis A. Kaplan issued a ruling from the bench Wednesday in the U.S. District Court for the Southern District of New York denying Cascal’s request for a preliminary injunction barring Sembcorp’s roughly $200 million tender offer for all of Cascal’s shares, which was announced in...
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