- American City Business Journals•3 days ago
Great Plains Energy Inc. had to fend off eight other suitors for Westar Energy Inc., and it won the bidding process because it bumped up its initial bid to make it clearly the most lucrative offer. A filing by Kansas City-based Great Plains (GXP) with the Securities and Exchange Commission outlines the entire negotiation with Westar (WR). In early 2015, an analyst caught wind of the discussions and speculated in a report that Westar could have potential interest as a seller.
- American City Business Journals•10 days ago
Westar Energy Inc.'s deal with Great Plains Energy Inc. is now under scrutiny, The Topeka Capital-Journal reports . A class-action lawsuit was filed Wednesday against the two companies, alleging that Westar executives undervalued the Topeka-based company (WR) when they chose to sell it to Kansas City Power & Light Co.'s parent company. Counting assumption of Westar debt, the deal is valued at $12.2 billion.
Westar Energy, Inc.NYSE
After hours: 56.230.00 (0.00%) as of 4:25 PM EDT
|Bid||56.19 x 3200|
|Ask||56.20 x 1000|
|52wk Range||34.90 - 57.25|
|Day's Range||56.16 - 56.36|
|Avg Vol (3m)||1,916,888|
As of 4:03 PM EDT. Market closed.