Rule 424(b)(3)
Registration No. 333-77581
United Water [LOGO]
Donald L. Correll
Chairman and Chief Executive Officer
August 31, 1999
United Water Resources
200 Old Hook Road
Harrington Park, NJ 07640-1799
telephone 201 784 9434
facsimile 201 767 2082
Prospectus Supplement to Prospectus dated May 18, 1999
Re: United Water Resources Inc. Dividend Reinvestment and Stock
Purchase Plan
Dear Stockholder:
As you know, United Water Resources and Suez Lyonnaise des Eaux have entered
into an agreement which provides for Suez Lyonnaise to acquire the outstanding
common stock of United Water it does not currently own. When the transaction is
completed, United Water will become a wholly-owned subsidiary of Suez Lyonnaise.
Before the agreement, we issued new common stock for purchases made under United
Water's Dividend Reinvestment and Stock Purchase Plan. However, the acquisition
agreement requires us to terminate the issuance of new stock under the Plan and
buy shares on the open market for the September 1, 1999 dividend payment and
subsequently terminate the Plan as soon as practicable.
As a result of the agreement:
o We are terminating dividend reinvestment and optional cash payments under
the Plan after the September 1999 stock purchase.
o The September purchase of stock for the Plan will be made on the open
market.
o The September 1, 1999 dividend will be the last dividend that is
reinvested. Any further dividends on Plan shares will be paid to you
directly in cash.
o All optional cash payments received on or before August 25, 1999 will be
invested; all optional cash payments received after August 25th will be
returned.
We will continue to hold all shares purchased through the Plan for you, unless
you instruct us to do otherwise. You may request a stock certificate for any
number of Plan shares at any time. You also may sell any shares in the Plan
through the Plan Administrator, ChaseMellon Shareholder Services, L.L.C. (Please
see the Plan prospectus for complete details.)
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You need not take an action at this time. We will send you instructions when the
acquisition is completed.
I am grateful for the confidence you have shown in our company over the years.
Your support has been the foundation upon which we have built United Water. On
behalf of United Water, its management and employees, please accept my sincerest
thanks.
Sincerely,
/s/ Donald L. Correll
The date of this Prospectus Supplement is August 31, 1999.
