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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.

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

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