Report
Charles Fishman
EUR 100.00 For Business Accounts Only

Great Plains/Westar Merger Expected to Close About June 1; Raising FVE to Reflect Deal Terms

We are increasing our fair value estimate to $30 from $28 per share after Great Plains Energy reported solid 2018 first-quarter earnings and appears poised to close its merger with Westar Energy on or about June 1. Our higher fair value estimate is driven by our increased confidence that the merger will close under terms not too different from the July 2017 revised merger proposal. 
Synergies from mergers are put forward to justify a deal and many times fall short of expectations. However, with ...
Underlying
Great Plains Energy Incorporated

Great Plains Energy is a public utility holding company. The company's wholly owned direct subsidiaries with operations are as follows: Kansas City Power & Light Co., a regulated electric utility that provides electricity to customers primarily in Missouri and Kansas; and KCP&L Greater Missouri Operations Co., a regulated electric utility that provides electricity to customers in Missouri and regulated steam service to certain customers in St. Joseph, MO. The company also wholly owns GPE Transmission Holding Company, LLC (GPETHC), which owns 13.5% of Transource Energy, LLC, and focuses on developing electric transmission projects.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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