American Water Pennsylvania Unit Closes Year With Two Purchases

Jan. 2 (Bloomberg) — American Water Works Co. closed the year with two acquisitions by its Pennsylvania subsidiary, the biggest publicly traded water company in the U.S. said.

The $1.2 million of purchases in northeast Pennsylvania were for water assets that serve the Fernwood Resort in Monroe County and the All Seasons Water Co. in Pike County, the Voorhees, N.J.-based utility said in a statement. American Water shares have risen 22 percent over the past year.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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