MARICOPA (AP) — The city of Maricopa has scrapped an idea to buy a private water company amid customer complaints about service interruptions and sudden spikes in water bills.
The city hired Piper Jaffray, an investment bank and asset management firm, to conduct research on the possibility of acquiring Global Water, but learned the company was not interested in selling.
Piper Jaffray says the estimated valuation of the company is anywhere from $75 million to $107 million, much less than the company’s own valuation of $500 million.
Maricopa Mayor Christian Price says the next step is to continue watching the company and demand it provide better services.
Global Water President and CEO Ron Fleming says he has never spoken to the Piper Jaffray representative.
Amber Alert issued for 3 boys taken by mom
ALBUQUERQUE, N.M. (AP) — New Mexican authorities say they believe the mother of three boys who are missing could be driving them through Arizona to southern California, where she has family.
The woman, 28-year-old Laria Anderson, isn’t facing criminal charges at the time and has full custody of the boys. But the Bernalillo County Sheriff’s Office says detectives are concerned for their safety after Anderson made threatening comments to the boys’ father early Sunday morning.
The sheriff’s office says Anderson made threats against the lives of her children and herself during a fight with their father.
They’re asking Anderson to get the boys to safety.
Glendale man killed after crashing motorcycle on Loop 202 PHOENIX (AP) — Police say a Glendale man died early Sunday morning after crashing his motorcycle on westbound Loop 202 near Interstate 10.
The Arizona Department of Public Safety says the man lost control of the motorcycle and was struck by at least one car after fell onto the road.
The man, who has not been identified, was not wearing a helmet and died on scene.
Police are investigating what caused the collision and whether more than one car struck the motorcyclist. It’s unclear if impairment was a factor in the crash on Sunday.