Agree with you about UCU and it just felt like the right time to exit. Hope you did the same when it got to $29.50. I own other utilities on speculation that they will get goobled up. Picked up another one this morning, POM (Potomic). It's down and has a dividend coming up in a couple of weeks. Good Luck ZWD131
UCU is going to pay $29.50 a share for Empire plus 1.135 per dollar above for every dollar UCU is above $26 dollars at the time of closing which is projectd to be Dec. 31.Right now UCU is above $29 dollars so Empire is stock is worth between 32 and 34 dollars a share. Watch the two stocks and do the math.
I understand the math. I just don't have much faith in the merger being approved by the PSC of Mo. in a way that UCU would be willing to accept. If the deal goes south, so will the price. I'll give up a dollar or so to keep 7 or 8.