Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 179

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 179
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ATORY MATTERS RELATING TO THE MERGER

General

To complete the merger,
American Water and Essential must make filings with and obtain authorizations, approvals, or consents from certain federal and state public utility, antitrust and other regulatory entities. The material federal and state filings, authorizations,
approvals or consents are described below. American Water and Essential are not currently aware of any material governmental filings, authorizations, approvals or consents that are required prior to the parties’ completion of the merger other
than those described below. If additional filings, authorizations, approvals or consents are required to complete the merger, American Water and Essential contemplate that such filings, authorizations, approvals or consents will be sought or made if
required by a governmental entity or if mutually agreed by the parties.

HSR Act

The merger is subject to the requirements of the HSR Act, and the rules and regulations promulgated thereunder, which provide that certain acquisition
transactions may not be completed until required information has been furnished to the Antitrust Division of the DOJ and the FTC, and until certain waiting periods have been terminated or have expired. The HSR clearance would not preclude the
Antitrust Division or the FTC from challenging the merger on antitrust grounds and seeking to preliminarily or permanently enjoin the proposed merger. Neither American Water nor Essential believes that the merger will violate federal antitrust laws,
but there can be no guarantee that the Antitrust Division or the FTC will not take a different position. If the merger is not completed within 12 months after the waiting period ends, American Water and Essential will be required to submit new
information to the Antitrust Division and the FTC, and a new HSR Act waiting period will have to expire or be earlier terminated before the merger can be completed. The companies expect to make their HSR Act filings at a mutually agreeable time
after they have filed their applications with the applicable PSCs.

State Regulatory Approvals

The following is a brief description of state regulatory jurisdiction over the merger and the required state regulatory approvals:

The merger is subject to the receipt of all required state regulatory approvals. In the merger agreement, Essential and American Water agreed, to the extent
required or deemed necessary, to make filings or provide notices in connection with the merger to the California Public Utilities Commission, the Illinois Commerce Commission, the Indiana Utility Regulatory Commission, the Kentucky Public Service
Commission, the New Jersey Board of Public Utilities, the North Carolina Utilities Commission, the Pennsylvania Public Utility Commission,