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BRIEF-Pennichuck to be acquired by city of Nashua

Nov 12 (Reuters) - Pennichuck Corp: * Agrees to be acquired by city of Nashua * Deal valued at for $29.00 per share * Agrees to be acquired by city of Nashua for $29.00 per share * Says transaction represents a total enterprise value of approximately $200 million * Including outstanding debt, the transaction represents a total enterprise value of approximately $200 million * Says deal valued at about $138 million * Says has suspended its dividend reinvestment plan * Says expects that the city of Nashua will finance the acquisition by issuing general obligation bonds * May continue paying quarterly dividends until closing date at rate no greater than annualized rate of $0.74 per share ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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