Severn Trent close to naming new brokers

UK water company Severn Trent will this month appoint new corporate brokers amid suggestions it will soon attract a takeover offer.

Severn Trent's brokers, Credit Suisse and HSBC, have re-pitched with a handful of other investment banks. The company has drawn up a shortlist, thought to include Citigroup, JP Morgan Cazenove, Merrill Lynch and Morgan Stanley, and could reach a decision this week.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump