AquaVenture Shareholders Approve Planned Acquisition
March 16 2020 - 4:09PM
Business Wire
AquaVenture Holdings Limited (NYSE: WAAS), a leading
multinational developer and provider of sustainable
Water-as-a-Service® (WAAS®) solutions, today announced that
AquaVenture shareholders voted to approve the previously announced
definitive merger agreement, dated as of December 23, 2019,
pursuant to which Culligan will acquire AquaVenture. At a special
meeting held on March 16, 2020, approximately 99.9% of AquaVenture
ordinary shares eligible to be voted and voting at the meeting were
voted in favor of the adoption of the merger agreement.
Under the terms of the merger agreement, AquaVenture’s
shareholders will be entitled to receive $27.10 per share upon the
closing of the proposed merger. The merger, which is expected to be
completed by the end of March, remains subject to the satisfaction
or waiver of other customary closing conditions.
About AquaVenture Holdings Limited
AquaVenture Holdings is a multinational provider of WAAS
solutions that provide customers a reliable and cost-effective
source of clean drinking and process water primarily under
long-term contracts that minimize capital investment by the
customer. AquaVenture is comprised of two operating platforms:
Quench, a leading provider of filtered water systems and related
services with approximately 160,000 company-owned units installed
at institutional and commercial customer locations across the U.S.
and Canada; and Seven Seas Water, a multinational provider of
desalination and wastewater treatment solutions, providing more
than 8.5 billion gallons of potable, high purity industrial grade
and ultra-pure water per year to governmental, municipal,
industrial and hospitality customers.
Cautionary Statement Regarding Forward-Looking
Statements
This release may contain forward-looking statements that are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
document do not constitute guarantees of future performance.
Investors are cautioned that statements in this press release
regarding the timing of the closing of the merger and management’s
future expectations, beliefs, intentions, goals, strategies, plans
or prospects constitute forward-looking statements. Forward-looking
statements can be identified by terminology such as “anticipate,”
“believe,” “could,” “could increase the likelihood,” “estimate,”
“expect,” “intend,” “is planned,” “may,” “should,” “will,” “will
enable,” “would be expected,” “look forward,” “may provide,”
“would” or similar terms, variations of such terms or the negative
of those terms. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors including those
risks, uncertainties and factors detailed in AquaVenture’s most
recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and other filings with the Securities
and Exchange Commission. As a result of such risks, uncertainties
and factors, AquaVenture’s actual results may differ materially
from any future results, performance or achievements discussed in
or implied by the forward-looking statements contained herein.
AquaVenture is providing the information in this document as of
this date and assumes no obligations to update the information
included in this document or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200316005816/en/
AquaVenture Holdings investors@aquaventure.com Investors
Hotline: 855-278-WAAS (9227)
AquaVenture (NYSE:WAAS)
Historical Stock Chart
From Sep 2024 to Oct 2024
AquaVenture (NYSE:WAAS)
Historical Stock Chart
From Oct 2023 to Oct 2024