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Firm News

Cahill Represents The Empire District Electric Company in Acquisition by Algonquin Power

Date: 01/03/17

Cahill represented The Empire District Electric Company (NYSE: EDE) in connection with its agreement to be acquired by a subsidiary of Algonquin Power & Utilities Corp. (TSX: AQN)  The Empire District Electric Company is a Joplin, Missouri based regulated electric, gas (through its wholly-owned subsidiary The Empire District Gas Company), and water utility, serving approximately 218,000 customers in Missouri, Kansas, Oklahoma, and Arkansas.  Algonquin is a North American diversified generation, transmission and distribution utility.

The all-cash transaction is valued at $2.4 billion (including assumed debt).