Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 173

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 173
---
 closing shall not constitute a change in control event under the Essential 2016 NPA.

Neither American Water nor Essential will be required to (i) incur any liability or pay any consent fees in order to obtain any such consent which
would require any such fees to be payable prior to the closing of the merger, (ii) agree to any amendment to, or modification of, any contract, or to waive any rights thereunder, as a condition to obtaining such consent if such amendment,
modification, or waiver would be effective prior to the closing of the merger, or (iii) unreasonably interfere with any customer relationship of either American Water, Essential, or any of their respective affiliates.

No Appraisal or Dissenters’ Rights in the Merger

Under the provisions of the DGCL, American Water shareholders will not be entitled to any appraisal or dissenters’ rights under the DGCL in connection
with the merger or any other transactions described in this joint proxy statement/prospectus.

Under Pennsylvania law, Essential shareholders will not be
entitled to any appraisal or dissenters’ rights in connection with the merger or any other transactions described in this joint proxy statement/prospectus.

113

NYSE Listing of American Water Common Stock; Delisting and Deregistration of Essential Common Stock A condition to the parties’ obligations to effect the merger includes the requirement that the shares of American Water common stock to be issued as consideration in the merger shall have been approved for listing on the NYSE, subject to official notice of issuance. If the merger is completed, there will no longer be any publicly held or traded shares of Essential common stock. Accordingly, prior to the effective time, the parties will use reasonable best efforts to begin the process of delisting Essential common stock from the NYSE and deregistering Essential common stock under the Exchange Act as soon as practicable after the effective time. Expected Timing of the Merger American Water and Essential currently expect the merger to be completed by the end of the first quarter of 2027, subject to the satisfaction or waiver of customary closing conditions, including, among others: (i) the approval of the merger agreement proposal by Essential shareholders, (ii) the approval of the share issuance proposal by American Water shareholders, (iii) the authorization for listing of shares of American Water common stock to be issued as merger consideration in the merger on the NYSE, (iv) receipt of the required state regulatory approvals from the applicable PSCs and the occurrence of the HSR clearance, in each case of this clause