Water Co said it agreed to be acquired by institutional investors for $11 per share, or about $275 million, in cash, taking the water treatment company private. SouthWest, which provides water production and wastewater treatment services, said investors advised by J.P. Morgan Asset Management and Water Asset Management LLC will buy the company. The deal represents a 56 percent premium to the stock's closing price on Tuesday and has an enterprise value of about $427 million, after taking into account the company's outstanding debt, SouthWest said.
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