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The Empire District Electric Company Message Board

  • Tapped_OutY2K Tapped_OutY2K Dec 27, 2000 7:20 AM Flag


    interested in EDE? All I see is spam.

    is the opinion re UCU's intentions? What is the
    possibility they will just restructure the deal to sell the
    Arkansas assets and move forward?


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    • My brother-in-law has worked for EDE for the past 15 years and he said the Arkansas operation is a very small part of EDE. He believes the deal will go through. Hope this helps... Good luck....

      • 1 Reply to obrie97846
      • Interesting thought. Arkansas may be a small part
        of the company, however the Arkansas commission
        denied the request to merge. No conditions. Now UCU is
        going to have to spell out enough of their intentions
        to convince Arkansas or the deal is off. Ucu has
        stated its all or nothing. another major problem is the
        value of their stock. If the deal was to close today
        they would have to pay an additional $4.54 cents a
        share for Empire which will cost them an additional
        $100 million dollars. I honestly don't think UCU
        thought that their stock would take off and now it will
        be very interesting what they decide to do! Reading
        a lot of their own material their first concern is
        always the share holder value. That comes before
        providing quality electrical service and employees with
        UCU. That makes UCU paying about $350 million extra
        for a $600 million dollar company. On the surface it
        doesn't look like a good deal for shareholder value. If
        that is truly what drives UCU then the deal won't
        happen. Good Luck

34.10Sep 23 4:02 PMEDT