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Utilicorp United Inc

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BUSINESS
November 2, 1990 | United Press International
UtiliCorp United Inc. has announced that it will receive $15 million incash over two years for its part of a recent settlement in an antitrust lawsuit. UtiliCorp said the litigation was tied to overcharges from 1979 to 1982 by three of its natural gas suppliers, Amoco Production Co., Oxy U.S.A. and Williams Natural Gas Co.
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BUSINESS
August 6, 1996 | Times Staff and Wire Reports
Kansas City Power & Light said it postponed a shareholder vote on its planned $1.7-billion merger with UtiliCorp United that had been scheduled for Wednesday.
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BUSINESS
June 26, 1996 | From Reuters
Kansas City Power & Light Co. said Tuesday that its board unanimously rejected Western Resources Inc.'s sweetened $1.9-billion merger bid, and industry analysts said they expect a hostile battle for the utility. Kansas City Power's board, saying Western's offer was not in the best interest of its shareholders, also reiterated its support for a merger with UtiliCorp United Inc., whose proposal will be submitted to both companies' shareholders at special meetings this summer.
BUSINESS
June 26, 1996 | From Reuters
Kansas City Power & Light Co. said Tuesday that its board unanimously rejected Western Resources Inc.'s sweetened $1.9-billion merger bid, and industry analysts said they expect a hostile battle for the utility. Kansas City Power's board, saying Western's offer was not in the best interest of its shareholders, also reiterated its support for a merger with UtiliCorp United Inc., whose proposal will be submitted to both companies' shareholders at special meetings this summer.
BUSINESS
July 9, 1996 | Times Staff and Wire Reports
Western Resources Begins Hostile Bid for Utility: The Topeka, Kan.-based energy company took its sweetened $1.9-billion bid for Kansas City Power & Light Co. directly to KCPL's shareholders, hoping to persuade them to scuttle a KCPL-UtiliCorp United Inc. deal. KCPL has resisted takeover efforts from Western Resources since April, pursuing, instead, an earlier $1.7-billion deal with UtiliCorp, a Kansas City, Mo.-based company with holdings in many states and Canada.
BUSINESS
April 23, 1996 | Times Staff and Wire Reports
KCPL Board Rejects Merger Bid: Kansas City Power & Light Co. rejected the unsolicited $1.7-billion offer from Western Resources Inc. as "ill-advised, ill-conceived and certainly ill-timed." Drue Jennings, chairman of KCPL, also said Western's proposal is based on faulty estimates of savings from a merger. He reaffirmed his company's commitment to merge with UtiliCorp United Inc. Stockholders of both KCPL and UtiliCorp are to vote on the proposed combination May 22.
BUSINESS
February 8, 1997 | Times Staff and Wire Reports
Western Resources Inc. plans to buy Kansas City Power & Light Co. in a $2-billion stock swap, the companies announced, in the first hostile takeover of a U.S. utility. Under the tax-free deal, Kansas City, Mo.-based Kansas City Power shareholders would receive $32 worth of Topeka, Kan.-based Western Resources' common stock for each share they hold. Kansas City Power's surrender ended a 10-month battle in which UtiliCorp United Inc., also based in Kansas City, saw its friendly $1.
BUSINESS
January 23, 1996 | From Associated Press
UtiliCorp United Inc. and Kansas City Power & Light Co. said Monday that they have agreed to merge in a $3-billion deal that continues the consolidation of the utility industry. Together, the two Kansas City-based energy producers would have about 2.2 million customers and $6.4 billion in assets. Utility mergers have become more commonplace recently as expectations have grown for further industry deregulation, which would intensify competition and force utilities to cut their expenses.
BUSINESS
April 24, 2001 | From Bloomberg News
Aquila Inc., the electricity and natural gas trading unit of UtiliCorp United Inc., raised $420 million in its initial public stock offering Monday, bolstering analysts' hopes for a revived new-issues market. Aquila sold 17.5 million shares at $24 each. The offering was twice increased, having started in January at a price range of $17 to $22 and 16.5 million shares. Aquila shares are expected to begin trading on the New York Stock Exchange today under the ticker symbol ILA.
BUSINESS
November 2, 1990 | United Press International
UtiliCorp United Inc. has announced that it will receive $15 million incash over two years for its part of a recent settlement in an antitrust lawsuit. UtiliCorp said the litigation was tied to overcharges from 1979 to 1982 by three of its natural gas suppliers, Amoco Production Co., Oxy U.S.A. and Williams Natural Gas Co.
BUSINESS
April 23, 2001 | Reuters
The market for new stock offerings is suddenly looking more promising after Nasdaq's nearly unbroken two-week rally. The technology-laced composite has gained 32% since it hit a fresh two-year low on April 4, multibillion dollar deals are in the pipeline, and energy supplier Aquila Inc. is set to debut this week in an estimated $379-million initial public offering. After a week when not one company braved the public markets, Aquila, a unit of gas and electricity company UtiliCorp United Inc.
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