Great Plains Energy and Westar Energy have received the needed regulator approval for their planned merger from the Kansas Corporation Commission (KCC) and Missouri Public Service Commission (MPSC)
Date
May 25, 2018
Type
M&A Transactions
Subtype
Imported M&A transactions
Countries
Denmark
(USA) United States of America
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Great Plains Energy and Westar Energy have received the needed regulator approval for their planned merger from the Kansas Corporation Commission (KCC) and Missouri Public Service Commission (MPSC). Upon completion of the deal, Westar Energy shareholders will own about 52.5% and Great Plains Energy shareholders will own some 47.5% of the combined holding company with no involved transaction debt and no exchange of cash. The new company will be named as Evergy Inc and will be trading in the New York Stock Exchange (NYSE) under the ticker symbol “EVRG”. The principal business of Evergy will be conducted by the operating companies known today as Westar and Kansas City Power & Light Company (KCP&L) and will be led by a former CEO of Great Plains Energy
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