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Great Plains Energy Inc (GXP_pd.N)

GXP_pd.N on New York Stock Exchange

101.40USD
1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Great Plains Energy Inc declares dividend
Tuesday, 3 Nov 2015 01:15pm EST 

Great Plains Energy Inc:Approved a quarterly dividend of $0.2625 per share on its common stock.Payable on December 21 to shareholders of record date as of November 30.  Full Article

Great Plains Energy Inc announce executive changes
Thursday, 6 Aug 2015 05:08pm EDT 

Great Plains Energy Inc:Announced the acceptance of resignation from Jim Shay, senior vice president_finance and chief financial officer.Promotion of Kevin Bryant to senior vice president_finance & strategy and chief financial officer of Great Plains Energy and KCP&L.  Full Article

Great Plains Energy Inc affirms FY 2015 earnings guidance
Thursday, 6 Aug 2015 05:06pm EDT 

Great Plains Energy Inc:Affirms FY 2015 earnings guidance range of $1.35 to $1.60 per share (EPS).FY 2015 EPS of $1.51 - Thomson Reuters I/B/E/S.  Full Article

Great Plains Energy Inc declares dividends
Tuesday, 4 Aug 2015 09:10am EDT 

Great Plains Energy Inc:Approves quarterly dividend of $0.245 per share on its common stock.Payable Sept. 21 to shareholders of record as of Aug. 28.Ex-dividend on Aug. 26.  Full Article

Great Plains Energy Inc affirms FY 2015 EPS guidance
Thursday, 7 May 2015 05:09pm EDT 

Great Plains Energy Inc:Affirms FY 2015 earnings guidance range of $1.35 to $1.60 per share (EPS).FY 2015 EPS of $1.54 - Thomson Reuters I/B/E/S.  Full Article

Great Plains Energy Inc approves quarterly dividend
Tuesday, 5 May 2015 09:41am EDT 

Great Plains Energy Inc:Approves a quarterly dividend of $0.245 per share on its common stock.Payable on June 19 to shareholders of record as of May 29.  Full Article

Great Plains Energy Inc gives FY 2015 EPS outlook below analysts' estimates; reaffirms long term earnings outlook - Conference Call
Thursday, 26 Feb 2015 09:00am EST 

Great Plains Energy Inc:Expects FY 2015 earnings per share guidance range is $1.35 to $1.60.Remains confident in 4- 6 pct earnings growth target through FY 2016.FY 2015 EPS of $1.68 -Thomson Reuters I/B/E/S.FY 2016 EPS of $1.84 - Thomson Reuters I/B/E/S.  Full Article

Great Plains Energy Incorporated declares dividends
Tuesday, 10 Feb 2015 09:13am EST 

Great Plains Energy Inc:Approved a quarterly dividend of $0.245 per share on its common stock.The Company's annual dividend level is $0.98 per share.The common dividend will be payable March 20, to shareholders of record as of February 27.The shares will begin to trade ex-dividend on Feb. 25.Board of Directors also declared regular dividends on the Company's 3.80 pct, 4.20 pct, 4.35 pct and 4.50 pct series of preferred stock, payable June 1, to shareholders of record as of May 8.The shares will begin to trade ex-dividend on May 6.  Full Article

BRIEF-Great Plains amends credit agreement to raise maximum debt to capitalization ratio

* On June 13, Great Plains Energy entered into third amendment, dated as of June 13, 2016 to its credit agreement, dated as of August 9, 2010