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Great Plains Energy Inc (GXP.N)

GXP.N on New York Stock Exchange

28.91USD
24 Mar 2017
Change (% chg)

$0.08 (+0.28%)
Prev Close
$28.83
Open
$28.78
Day's High
$29.04
Day's Low
$28.73
Volume
357,402
Avg. Vol
711,214
52-wk High
$32.74
52-wk Low
$25.85

Latest Key Developments (Source: Significant Developments)

Great Plains Energy prices offering of senior notes
Monday, 6 Mar 2017 09:30pm EST 

Great Plains Energy Inc : Great Plains Energy prices offering of senior notes to finance a portion of westar acquisition . Great Plains Energy Inc - announced pricing of underwritten public offering of $4.3 billion of its senior note . Says priced $750 million of senior notes due 2020 at 2.50% .Great Plains Energy Inc - says priced $1.15 billion of senior notes due 2022 at 3.15%, $1.4 billion of senior notes due 2027 at 3.90%.  Full Article

Great Plains Energy announces offering of senior notes to finance a portion of Westar Acquisition
Monday, 6 Mar 2017 08:30am EST 

Great Plains Energy Inc : Great Plains Energy announces offering of senior notes to finance a portion of westar acquisition .Great Plains Energy - intends to use net proceeds from offering to finance portion of consideration payable in connection with acquisition of Westar Energy.  Full Article

GREAT PLAINS ENERGY REPORTS Q4 EARNINGS PER SHARE $0.39
Thursday, 23 Feb 2017 05:09pm EST 

Great Plains Energy Inc : GREAT PLAINS ENERGY REPORTS SOLID FULL-YEAR RESULTS . Q4 EARNINGS PER SHARE $0.39 . Q4 EARNINGS PER SHARE VIEW $0.10 -- THOMSON REUTERS I/B/E/S . GREAT PLAINS ENERGY INC - WESTAR ACQUISITION ON TRACK FOR Q2 2017 COMPLETION . GREAT PLAINS ENERGY INC - WILL NOT BE ISSUING 2017 EARNINGS PER SHARE GUIDANCE DUE TO ANTICIPATED CLOSING OF WESTAR ACQUISITION . QTRLY ADJUSTED EARNINGS PER SHARE $0.13 . GREAT PLAINS ENERGY INC SEES POST WESTAR TRANSACTION EARNINGS PER SHARE GROWTH TARGET OF 6% - 8% .GREAT PLAINS ENERGY INC SEES POST WESTAR TRANSACTION DIVIDEND GROWTH TARGET OF 5% - 7%.  Full Article

Great Plains Energy says Westar transaction to close in spring of 2017
Thursday, 8 Dec 2016 08:37am EST 

Great Plains Energy Inc : Great Plains Energy announces leadership team of combined company . Great Plains Energy Inc - once approved by Great Plains Energy board of directors when transaction closes, new team will have 19 executive officers .Great Plains Energy Inc - transaction to close in spring of 2017.  Full Article

Great Plains Energy Q3 earnings per share $0.86
Thursday, 3 Nov 2016 05:11pm EDT 

Great Plains Energy Inc - : Westar acquisition on track for spring 2017 completion . Company increased quarterly dividend on common stock . Sees adjusted earnings per share between $1.75 to $1.85 for 2016 . FY2016 earnings per share view $1.73 -- Thomson Reuters I/B/E/S . Great plains energy reports strong third quarter results . Q3 earnings per share $0.86 . Q3 adjusted non-GAAP earnings per share $1.00 excluding items .Q3 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.  Full Article

Great Plains Energy announces concurrent offerings of common stock
Tuesday, 27 Sep 2016 05:05pm EDT 

Great Plains Energy Inc : Great plains energy announces concurrent offerings of common stock and depositary shares representing interests in mandatory convertible preferred stock . Intends to use net proceeds to finance a portion of cash consideration payable in acquisition of Westar Energy, Inc .Commencement of concurrent underwritten public offerings of 52.6 million shares of common stock and 15 million depositary shares.  Full Article

Great Plains, Westar Energy to hold shareholder meets on Sept.26
Thursday, 25 Aug 2016 05:05pm EDT 

Great Plains Energy Inc : Great Plains Energy and Westar Energy schedule special shareholder meetings . Transaction on track to close in spring of 2017 .Co, Westar's special meetings on Monday, September 26, 2016, for shareholders to vote on companies' proposed transaction.  Full Article

Great Plains Energy Q2 earnings per share $0.20
Thursday, 4 Aug 2016 05:11pm EDT 

Great Plains Energy Inc : Great plains energy reports solid financial performance; Westar acquisition on track for completion in spring 2017 . Reaffirms FY 2016 adjusted non-GAAP earnings per share view $1.65 to $1.80 . Q2 adjusted non-GAAP earnings per share $0.55 excluding items . Q2 earnings per share $0.20 . Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Says continues to make progress on Westar acquisition .Says on track to close transaction in spring of 2017.  Full Article

Great Plains Energy to buy Westar Energy for $8.6 bln
Tuesday, 31 May 2016 07:02am EDT 

Great Plains Energy Inc : Great Plains Energy To Acquire Westar Energy, Creating Long-Term value for shareholders and cost savings for customers . Expects acquisition will be significantly accretive after first year of operations . Long-Term earnings growth target of combined company is expected to grow to 6-8% better than either company on a standalone basis . Also secured $750 million mandatorily preferred convertible equity commitment from ontario municipal employees retirement system . Westar ceo ruelle will remain in his current role with westar until closing of transaction . Great plains energy will add one director from westar board of directors to great plains energy board of directors . Transaction, valued at $12.2 billion . To acquire westar in a combined cash and stock transaction . Deal for total equity value of approximately $8.6 billion . Westar shareholders will receive $60.00 per share of total consideration . Westar shareholders will receive $51.00 in cash and $9.00 in great plains energy common stock . Expects acquisition will be neutral to earnings-per-share in first full calendar year . Upon completion of transaction, bassham will be chairman and chief executive officer of combined company . Secured approximately $8.0 billion of committed debt financing from goldman sachs bank usa,goldman sachs lending partners llc.  Full Article

Westar Energy says may get reverse break-up fee of $380 mln from Great Plains Energy
Tuesday, 31 May 2016 06:17am EDT 

Westar Energy Inc : $80 million break up fee in favor of Westar, if Great Plains shareholders don't approve deal . Reverse break-up fee $380 million in favor of Westar from Great Plains Energy for failure to close merger - SEC filing . Break-Up fee for fiduciary out $180 million in favor of Westar, if Great Plains breaks from deal .Break-Up fee for fiduciary out $280 million in favor of Great Plains, if Westar breaks from deal.  Full Article

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BRIEF-Great Plains Energy announces offering of senior notes to finance a portion of Westar Acquisition

* Great Plains Energy announces offering of senior notes to finance a portion of westar acquisition