SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 6, 1998 (December 19, 1997)
KANSAS CITY POWER & LIGHT COMPANY
(Exact name of registrant as specified in its charter)
1-707
(Commission file number)
MISSOURI 44-0308720
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1201 Walnut
Kansas City, Missouri 64106
(Address of principal executive offices)
(816) 556-2200
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Attached is a press release issued by the Company postponing
its Special Meeting of Shareholders.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibit
Number
99. Press Release, dated December 19, 1997,
issued jointly by Kansas City Power & Light Company and
Western Resources, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
KANSAS CITY POWER & LIGHT COMPANY
/s/Jeanie Sell Latz
Jeanie Sell Latz
Senior Vice President-Corporate Services
Date: January 6, 1998
<PAGE>
<PAGE>
Exhibit 99
[Western Resources(R) Logo] [KCPL(R) Logo]
FOR IMMEDIATE RELEASE
KCPL: WESTERN RESOURCES:
MEDIA CONTACT: MEDIA CONTACT:
Phyllis Desbien Robin Lampe
816 / 556-2903 785 / 575-6468
INVESTOR CONTACT: INVESTOR CONTACT:
Andrea Bielsker Bruce Burns
816 / 556-2312 785 / 575-8227
Joele Frank/Dan Katcher
The Abernathy MacGregor Group Inc.
212 / 371-5999
WESTERN RESOURCES AND KCPL POSTPONE
SPECIAL MEETINGS OF SHAREHOLDERS
TOPEKA, KANSAS AND KANSAS CITY, MISSOURI (DECEMBER 19, 1997) --
Western Resources, Inc. (NYSE: WR) and Kansas City Power & Light
Company (KCPL) (NYSE: KLT) announced today that they have
postponed their respective special meetings of shareholders to
vote on their Merger Agreement previously scheduled for January 21,
1998.
The Companies stated that representatives of Salomon Smith
Barney, Western Resources' investment bankers, had indicated that
they believe it is unlikely that Salomon would be in a position
to issue a fairness opinion for the Western Resources/KCPL
transaction on the basis of the previously announced terms for
the transaction if the fairness to shareholders of Western
Resources were formally submitted to the fairness committee of
Salomon. A fairness opinion of Salomon is a condition to the
mailing of proxy materials to shareholders of Western Resources.
KCPL's investment bankers, Merrill Lynch & Co., Inc., have met
with Salomon representatives to discuss the reasons for Salomon's
position.
Both KCPL and Western Resources issued the following statement
regarding the status of the proposed transaction:
"We are prepared to meet in good faith to discuss the matter, and
we pledge to use our best efforts to work together constructively
to resolve the matter on a basis that is fair to the shareholders
of both companies."
The companies emphasized that it is impossible to predict the
outcome of these efforts at the present time.
Kansas City Power & Light Company provides electric power to a
growing and diversified service territory encompassing
metropolitan Kansas City and parts of eastern Kansas and western
Missouri. KCPL is a low-cost producer and leader in fuel
procurement and plant technology. KLT Inc., a wholly-owned
subsidiary of KCPL, pursues opportunities in non-regulated,
primarily energy-related ventures. For more information about
KCPL, visit http://www.kcpl.com.
Western Resources (NYSE: WR) is a full-service, diversified
security and energy company with total assets of almost $7
billion. Its utilities, KPL and KGE, operating in Kansas and
Oklahoma, provide natural gas service to approximately 650,000
customers and electric service to approximately 600,000
customers. Western Resources, through its subsidiary, Westar
Security, also is the third largest monitored security provider
in the country, operating in 46 states in the U.S. Through its
other subsidiaries, Westar Energy, Westar Capital and The Wing
Group, a full range of energy and energy-related products and
services are developed and marketed in the continental U.S. and
offshore. For more information about Western Resources and its
operating companies, visit us on the Internet at
http://www.wstnres.com.
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