With more than a 90 percent approval vote at each company, shareholders of Great Plains Energy Inc. and Westar Energy Inc. backed all the measures necessary to complete a merger of equals.
After the Kansas Corporation Commission denied the original request for Great Plains to acquire Westar Energy, the two companies announced a new transaction in July 2017 that would be a merger of equals. The revised agreement involves no transaction debt and no exchange of cash. The stock-for-stock merger would…
With more than a 90 percent approval vote at each company, shareholders of Great Plains Energy Inc. and Westar Energy Inc. backed all the measures necessary to complete a merger of equals.
After the Kansas Corporation Commission denied the original request for Great Plains to acquire Westar Energy, the two companies announced a new transaction in July 2017 that would be a merger of equals. The revised agreement involves no transaction debt and no exchange of cash. The stock-for-stock merger would…