Suitors Say Severn Trent Putting $8.2B Buyout Bid In Jeopardy

Law360, New York (June 10, 2013, 4:36 PM EDT) -- The investors behind a sweetened £5.3 billion ($8.2 billion) buyout bid for Severn Trent PLC on Monday threatened to scrap their offer after a third rejection from the U.K. water utility, saying the company's board has refused to meet them at the bargaining table.

LongRiver Partners — which includes the infrastructure arm of Ontario Municipal Employees Retirement System, the Kuwait Investment Authority and Britain's Universities Superannuation Scheme Ltd. — last week lobbed its revised £22-per-share offer, but has been shut out by Severn Trent's board, it...
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