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CT Water, suitor amend $1B merger pact

The California suitor for Connecticut Water Service Inc. has amended its $1.1 billion merger offer to all cash from stock to mute “distractions’’ from any competing offers.
SJW Group, parent of San Jose Water Co., one of the West Coast’s largest water purveyors, announced the revised offer sheet Monday for Clinton-based Connecticut Water, one of this state’s and New England’s largest water utilities.
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