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On October 1, 2001, a holding company, Great Plains Energy Incorporated, was established in Kansas City, Missouri that owned electric utility Kansas City Power and Light Company and Strategic Energy, LLC, an energy management company. It acquired Aquila, Inc. in July, 2008. [4] In 2014, it ranked number 855 on the Fortune 1000 list. [5]
DST Systems, Inc. is an American company that was acquired by SS&C Technologies in 2018. The company provided advisory, technology and operations outsourcing services to the financial services and healthcare industries. It was founded in February 1969 as Data·Sys·Tance, a subsidiary of Kansas City Southern Industries (KCSI) and is ...
The Southern Development Company is a holding company that owns various properties. The Southern Capital Corporation, LLC is a leasing company owned jointly by KCS and GATX Capital Corporation of San Francisco, California, Southern Capital Corporation has the rail assets that once belonged to Carland and KCS, as well as the loan portfolio once ...
Superior Oil Company: 5.7 17.3 18 1988 Grand Metropolitan [90] Pillsbury Company: 5.7 15.2 19 1989 Dow Chemical Company [91] Marion Laboratories: 5.7 14.5 20 1984 Royal Dutch/Shell Group [92] [93] Shell Oil Company: 5.5 16.6 21 1989 Hanson plc [94] Consolidated Gold Fields: 5.5 14 22 1985 General Motors [95] Hughes Aircraft Company: 5.2 15.2 23 ...
The de facto merger doctrine states that courts will look to substance over form when determining whether statutory merger law applies to a company's shareholders.Thus, where an asset acquisition leads to the same result as a statutory merger, these jurisdictions demand that shareholders are given the same rights as in the statutory merger.
The company also owned and operated power generation assets. It previously operated under the name UtiliCorp United, Inc. The company at one time ranked #33 on the Fortune 500 list. [2] On February 6, 2007, the company announced plans for a merger valued at $1.7 billion to become a wholly owned subsidiary of Great Plains Energy.
The art deco Kansas City Power and Light Building was the former headquarters of the company and was the tallest building west of the Mississippi until 1942, tallest in Missouri until 1976 and tallest in Kansas City until 1986 and is the namesake of the downtown Kansas City Power & Light District Barack Obama in front a KCP&L truck on July 8, 2010, at the Smith Electric Vehicles plant at ...
The majority shareholders incorporate a second corporation, which initiates a merger with the original corporation. The shareholders using this technique are then in a position to dictate the plan of merger. They force the minority stockholders in the original corporation to accept a cash payment for their shares, effectively "freezing them out ...