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

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.
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