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Mario Gabelli Comments on The Empire District Electric Company

The Empire District Electric Company (….-%) ( NYSE:EDE )(EDE - $''.…5 - NYSE) is a regulated utility company. The company is engaged in the generation, purchase, transmission, distribution and sale of electricity. It provides its services within Missouri, Kansas, Oklahoma and Arkansas. It operates its businesses in three segments: electric, gas and 'other'. On February -, -…-6, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $'4 cash per share. This transaction values EDE at $-.5 billion dollars, and is subject to regulatory approval and shareholder votes. It is currently expected to close in the first quarter of -…-7.

From Mario Gabelli ( Trades , Portfolio )'s first quarter -…-6 ABC Fund shareholder commentary. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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