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Great Plains Energy Inc (GXP.N)

GXP.N on New York Stock Exchange

31.41USD
19 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Westar Energy, Great Plains Energy shareholders approve merger
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Westar Energy Inc ::Great Plains Energy and Westar Energy shareholders approve merger at special shareholder meetings.Says ‍continue to make progress toward completing transaction in first half of 2018​.Says ‍more than 90 percent of shares voted at each company approved transaction with Great Plains Energy & co​.  Full Article

Great Plains Energy Q3 adj EPS $1.05‍​
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Great Plains Energy Inc :Great plains energy reports third quarter 2017 results.Q3 earnings per share $0.02.Q3 earnings per share view $0.86 -- Thomson Reuters I/B/E/S.Qtrly adjusted earnings per share (non-GAAP) was $1.05‍​.  Full Article

Great Plains Energy Inc says Westar Energy and Great Plains Energy ask KCC to approve merger of equals
Saturday, 26 Aug 2017 

Aug 25 (Reuters) - Great Plains Energy Inc ::Great Plains Energy Inc says westar energy and Great Plains Energy ask KCC to approve merger of equals; Missouri filing to be submitted by Aug. 31.  Full Article

Great Plains Energy and Westar Energy file petition with KCC
Thursday, 4 May 2017 

May 4 (Reuters) - Great Plains Energy Inc ::Great Plains Energy and Westar Energy file petition for reconsideration with kansas corporation commission.Westar - petition requests additional time until may 31, to allow discussions between cos to determine if agreeable revised deal may be negotiated.  Full Article

Great Plains Energy Q1 loss per share $0.11
Thursday, 4 May 2017 

May 4 (Reuters) - Great Plains Energy Inc ::Great Plains Energy reports first quarter results.Q1 loss per share $0.11.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Q1 adjusted non-gaap earnings per share $0.13.  Full Article

Great Plains Energy announces concurrent offerings of common stock
Wednesday, 28 Sep 2016 

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
Friday, 26 Aug 2016 

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
Friday, 5 Aug 2016 

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 

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 

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

BRIEF-Great Plains Energy Q4 Loss Per Share $0.46

* Q4 EARNINGS PER SHARE VIEW $0.13 -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage: