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Holly LaFon
Holly LaFon
Articles (9595)  | Author's Website |

Mario Gabelli Comments on The Empire District Electric Company

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January 31, 2017 | About:
The Empire District Electric Company (1.5% of net assets as of December 31, 2016)(EDE –$34.09–NYSE) (NYSE:EDE) is a regulated utility company with operations in Missouri, Kansas, Oklahoma, and Arkansas. On February 9, 2016, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $34 cash per share. This transaction values EDE at $2.4 billion dollars, and is subject to regulatory and shareholder approvals. The merger closed on January 1, 2017.

From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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