"The Kuwait-linked consortium wooing Severn Trent has walked away empty handed after the British water company refused to engage in talks before a bid deadline expired.
The LongRiver consortium, which had three approaches spurned by Severn Trent, said it would not table a new offer unless talks with the utility's board were forthcoming.
"We told them what we needed, they didn't do anything, that's their prerogative," a source familiar with the consortium's thinking told Reuters. "Never at any stage did they say 'If you bid X or Y that would be acceptable'.""
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