WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other EventsItem 8.01. Other Events.
WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other Events
As previously disclosed, on May 29, 2016, Westar Energy, Inc. (“Westar Energy”), Great Plains Energy Incorporated (“Great Plains Energy”) and a subsidiary of Great Plains Energy entered into an Agreement and Plan of Merger (“Merger Agreement”).
Under the terms of the Merger Agreement, under certain specified conditions, if the proposed acquisition has not been completed on or before May 31, 2017 (such date, as may be extended, the “End Date”), either Westar Energy or Great Plains Energy may terminate the Merger Agreement unless the other party elects to extend the End Date.
On May 30, 2017, Westar Energy received notice that Great Plains Energy elected to extend the End Date to November 30, 2017. No other provisions of the Merger Agreement were otherwise amended or waived, and the Merger Agreement remains in full force and effect.
The foregoing description of the Merger Agreement is subject to, and is qualified in its entirety by, the full text of the Merger Agreement, which is filed as Exhibit 2.1 to the Current Report filed by Westar Energy on May 31, 2016 and is incorporated herein by reference.
About WESTAR ENERGY, INC. (NYSE:WR)
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. It supplies electric energy at retail to customers in Kansas. It also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Company classifies it customers as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service. WESTAR ENERGY, INC. (NYSE:WR) Recent Trading Information
WESTAR ENERGY, INC. (NYSE:WR) closed its last trading session down -0.15 at 52.77 with 462,979 shares trading hands.
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. It supplies electric energy at retail to customers in Kansas. It also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Company classifies it customers as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service. WESTAR ENERGY, INC. (NYSE:WR) Recent Trading Information
WESTAR ENERGY, INC. (NYSE:WR) closed its last trading session down -0.15 at 52.77 with 462,979 shares trading hands.
