Wastewater firm says to go private
CASCAL N.V., which operates a water and wastewater business in the Philippines and seven other countries, announced July 27 from London, United Kingdom, it will go private by October 27, 2010.
The company said its last day of trading of its common shares on the New York Stock Exchange (NYSE) would be on August 4, 2010.
On August 5, 2010, "the effective date of the delisting, the Company plans to file a Form 15 to deregister its common shares under Section 12 of the Securities Exchange Act of 1934, as amended," the company said.
"Upon the filing of the Form 15, the company's obligation to file certain reports with the [US] Securities and Exchange Commission, including Forms 20-F and 6-K, would immediately be suspended. The Company expects that the deregistration of its common shares would become effective 90 days after the date the Form 15 is filed with the SEC."
Aside from the Philippines, Cascal said it provides services to customers in the UK, South Africa, Indonesia, China, Chile, Panama, and Antigua. It added its customers "are predominantly homes and businesses representing a total population of approximately 4.7 million."