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Empire prices shares in stock offering

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Empire District Electric Co. has priced 3 million newly issued shares of common stock at $23 each.

The public offering is anticipated to close on or about Dec. 12.

UBS Investment Bank is the book-running manager, and Wachovia Securities and Stifel, Nicolaus & Co. Inc. are acting as co-managing underwriters. The underwriters have an option to purchase up to an additional 450,000 shares to cover any over-allotments.

The Joplin-based utility’s shares (NYSE: EDE) closed Friday at $23 and were trading at $23.29 as of 10:45 a.m. The 52-week range is $21.09 to $26.13.

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