We believe our combination will provide superior and immediate value to SJW stockholders. Our proposal represents a 30% premium to SJW’s stock price at the time of California Water’s April 4, 2018 proposal and a 20% premium to SJW’s closing stock price on April 25, 2018, the day before the California Water proposal was announced. The offer also exceeds SJW’s all-time high closing price. In our view, our combination with SJW has a clear path to timely completion.

We believe a combined California Water and SJW provides significant benefits for all customers, employees, stockholders and our local communities. Click the boxes below to learn more.