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Empire plans to sell 3 million shares

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Empire District Electric Co. announced this morning that it plans to sell 3 million shares of its common stock in a public offering.

UBS Investment Bank will serve as the sole book-running manager. Wachovia Securities and Stifel, Nicolaus & Co. Inc. are co-managing underwriters.

Empire also plans to grant the underwriters an option to purchase up to an additional 450,000 shares to cover any over-allotments.

Empire is a Joplin-based investor-owned utility. Shares (NYSE: EDE) closed Friday at $23.04 and were trading down at $22.90 as of 11 a.m.

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