The LongRiver Partners consortium that wanted to buy Severn Trent (SVTRF.PK) for £5.3B ($8.24B)...

|About: Severn Trent PLC (SVTRF)|By:, SA News Editor

The LongRiver Partners consortium that wanted to buy Severn Trent (SVTRF.PK) for £5.3B ($8.24B) has walked away after the U.K. water utility rejected three previous conditional offers. The consortium had until 4.00 pm GMT today to make a formal offer under U.K. M&A rules but chose not to, meaning it won't be able to make another offer for Severn Trent for six months.