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Empire prices stock offering

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The Empire District Electric Co. announced June 15 that its 3.3 million newly issued shares of common stock have been priced at $20.25 per share.

The underwriters of the offering have an option to purchase up to an additional 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.

The offering is expected to close on or near Wednesday.

Shares (NYSE: EDE) closed Friday at $21 and had dropped to $20.88 as of 11:30 this morning.

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