Welsh Water poised for Swalec strike

Welsh Water poised for Swalec strike

Welsh Water is thought to be poised to launch its long-awaited bid for Swalec this week, valuing the regional electricity company for South Wales at about pounds 800m. On Wednesday, Welsh is expected to attempt to win a board recommendation from Swalec, but is set to press on with a hostile offer if it is rejected. The bid would value Swalec shares at around 860p.