New ETF Book by Larry Connors - Click here to read more
As a result the underwriters purchased an additional 750,000 equity units and 1,500,000 shares of common stock.
The options were granted in connection with Great Plains Energy's public offerings of 5,000,000 equity units at USD50 per unit and 10,000,000 shares of common stock at USD14.00 per share.
The net proceeds are expected to amount to approximately USD431.8m after expenses and underwriting discounts.
The equity units and common stock are planned to be issued on 18 May 2009.
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