The merger is still subject to an approval from a number of regulatory commissions. The acquisition will increase Great Plains Energy’s generation capacity by nearly 13,000 megawatts, and give access to around 10,000 miles of transmission lines and over 51,000 miles of distribution lines. Per the agreement, Westar Energy’s shareholders would receive $60 a share, consisting of $51 in cash and $9 in Great Plains Energy stock. Post the merger, the combined company will serve more than 1.5 million customers across the Kansas and Missouri. The merger, reportedly valued at $12.2 billion, includes about $8.6 billion in total stock and cash consideration and $3.6 billion of Westar Energy’s debt.
(WR) have approved the pending merger related proposals, thereby paving the way for the completion of the transaction in the spring of 2017. Shareholders of Great Plains Energy Incorporated (GXP) and Westar Energy, Inc.
