..........luverly. Sorry couldn't resist it Given some of my less than profitable investments in the past,its nice to be "overweight" in water stocks,with this one and United,guess it will help pay the new "overweight" water bills.............................................Mike.

Hi robertalexander - You're right to question the situation. Some will have already sold but to counter the situation you describe they have today raised their bid to 2.25bn from the initial 2.2bn that was accepted by the board. This brings the offer price more in line with the current sp which they are obviously hoping will deter other bidders. I however, hope not!