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.ÂSynergies from mergers are put forward to justify a deal and many times fall short of expectations. However, with ...
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.
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