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Empire District announces stock offering

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The Empire District Electric Co. announced today it plans to sell 3.3 million shares of its common stock in a public offering.

Empire also plans to grant the underwriters an option to purchase up to 495,000 shares to cover any over-allotments.

UBS Investment Bank is the sole book-running manager. A.G. Edwards & Sons Inc., Jefferies & Co. Inc. and Stifel, Nicolaus & Co. Inc. are the co-managing underwriters.

Shares (NYSE: EDE) closed Friday at $21.83 and had climbed to $21.88 as of 11:30 this morning.[[In-content Ad]]

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