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The Empire District Electric Company Message Board

  • zwd131 zwd131 Nov 15, 2000 1:15 PM Flag

    Any clue what is happening ???

    Does anyone have any info on what's is happening
    with EDE. I bought it as an arb position less than two
    months ago at 25 and change thinking that it would close
    in about 5 - 6 months at 29 1/2. Must be some folks
    think that the closing will be sooner rather than
    later. I got out today. ZWD131

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    • I think you got out at a good time. UCU is going
      to try and find a buyer for the construction side of
      their company. There is a good chance that Quanta will
      be the buyer. In that case UCU is just moving money
      from the front pocket to the back pocket. The psc's of
      MO,KS,OK, and AR are going to have to look at this merger
      in a different way now. There are way too many
      variables to call this a done deal. I got in at about the
      same price as you did. I'd like to hold for a little
      more, but I'm not going to go past mid Dec. regardless
      of price.

33.67+0.09(+0.27%)Apr 29 4:02 PMEDT