Merger of Great Plains Energy, Westar Energy clears final regulatory hurdle [Seeking Alpha]
GREAT PLAINS ENERGY (GXP)
Last great plains energy earnings: 5/2 05:09 pm
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Source: Seeking Alpha
Merger of Great Plains Energy, Westar Energy clears final regulatory hurdleGreat Plains Energy (GXP+1.5%) and Westar Energy (WR+1.6%) receivefinal approval from regulators in Kansas and Missouri for their planned merger, completing a two-year effort.The stock-for-stock merger creates a holding company of ~$15B equity value, which will be named Evergy and will be traded on the NYSE under the EVRG ticker.The combined company will serve ~1.6M customers in Kansas and Missouri, and will own, operate and maintain more than 51K miles of distribution lines and 13K MW of generation.See all stocks on the move »Now read:Ameren: Still Worth Considering »
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