Nashua, Pennichuck reach deal

November 2010
New Hampshire Business Review;11/19/2010, Vol. 32 Issue 24, p11
The article focuses on the success of the city of Nashua in New Hampshire in taking ownership of the local water supply and protect valuable watershed land in 2010 after an eight-year legal battle. Under a 200 million U.S. dollars worth of deal, Pennichuck Corp.'s stock is acquired by Nashua. As part of the deal, Pennichuck Water Works Inc., the holdings of Pennichuck Corp., will be acquired by the city government through eminent domain proceedings.


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