Welsh water board and power company advises shareholders

The board of Welsh water and power company Hyder has advised shareholders not to accept the takeover bids of either Nomura of Japan or WPD of the US until regulatory issues concerning the latter have been resolved. Hyder recommended Nomura’s £403m bid, before WPD made a £460m offer.

The board of Welsh water and power company Hyder has advised shareholders not to accept the takeover bids of either Nomura of Japan or WPD of the US until regulatory issues concerning the latter have been resolved. Hyder recommended Nomura’s £403m bid, before WPD made a £460m offer.