|Day's Range||52.5100 - 52.8800|
|52 Week Range||50.3500 - 57.5000|
|PE Ratio (TTM)||22.12|
|Dividend & Yield||1.60 (3.09%)|
|1y Target Est||N/A|
The attempt by Great Plains Energy Inc. to acquire Westar Energy Inc. has suffered yet another crippling blow from the Kansas Corporation Commission, which denied an application for reconsideration. The two companies filed a formal petition for reconsideration of the KCC’s decision to reject their merger plans in early May. They requested additional time to revisit the $12.2 billion deal to find ways to satisfy the regulatory body's concerns about the price being too high, causing Kansas City-based Great Plains to become over-leveraged and threatening jobs at Westar's corporate headquarters in Topeka.
The Topeka, Kansas-based company said it had profit of 42 cents per share. The electric utility posted revenue of $572.6 million in the period. Westar shares have fallen 7 percent since the beginning of ...
Great Plains Energy Inc. (GXP) is taking another shot at acquiring Westar Energy Inc. (WR), which is a huge business story in the Kansas City area for many reasons. Acquisitions worth $12.2 billion don't happen in Kansas City very often.