Background information concerning initial public offering of American Water
On 25 November 2009 RWE AG announced that it has taken the final step to fully divest its stake in the US water and wastewater company American Water Works Company, Inc. The underwriters of the public offering of American Water common stock exercised in full their option ("greenshoe") to purchase up to 3.7 million additional shares. The greenshoe was granted to the underwriters as part of the most recent offering, which brought RWE's shareholding in American Water down to 2.1%. In March 2006, the Executive Board of RWE AG had already decided to dispose of American Water shares on the US stock market.
RWE divests all shares of American Water (25 November 2009)
RWE to divest of more shares in American Water (18 November 2009)
RWE disposes of more shares in American Water (14 August 2009)
RWE to make full use of "greenshoe option" on American Water (09 June 2009)
RWE disposes of majority shareholding in American Water (05 June 2009)
RWE prices initial public offering of American Water (23 April 2008)
