It is the policy of The Empire District Electric Company (“Empire” or
“the Company”) (NYSE:EDE) not to confirm or deny market rumors.
However, in response to recent media reports concerning the Company and
last Friday’s stock trading activity, Empire confirms that it is in the
early stages of exploring strategic alternatives, and has retained a
financial advisor with regard to the exploration of such strategic
alternatives. No decision regarding the strategic alternatives has been
made by the Board of Directors.
Due to the preliminary nature of this exploration, neither the Company
nor any of its representatives will be providing additional comment at
this time. No assurances can be given that Empire’s Board of Directors
will act on any specific strategic alternative. The Company does not
intend to make any further press release or announcement regarding these
matters unless and until there is a material change in circumstances.
The Company remains committed to continuing to provide safe and reliable
service to its customers.
Based in Joplin, Missouri, The Empire District Electric Company
(NYSE:EDE) is an investor-owned, regulated utility providing electric,
natural gas (through its wholly owned subsidiary, The Empire District
Gas Company) and water service, with approximately 218,000 customers in
Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the Company
also provides fiber optic services.
Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995. Such
statements address future plans, objectives, expectations, earnings, and
events or conditions concerning various matters. Actual results
in each case could differ materially from those currently anticipated in
such statements, by reason of the factors noted in the Company’s filings
with the SEC, including the most recent Form 10-K and Form 10-Q.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151213005037/en/
Copyright Business Wire 2015
Source: Business Wire
(December 13, 2015 - 8:00 PM EST)
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