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April 8 (Reuters) - Westar Energy Inc WR.N , the biggest
power company in Kansas, has drawn takeover interest from St.
Louis-based utility Ameren Corp (NYSE:AEE) AEE.N as well as an investor
consortium, Bloomberg reported on Friday, citing people familiar
with the matter.
The consortium includes Borealis Infrastructure Management
Inc and the Canada Pension Plan Investment Board, according to
Bloomberg. (http://bloom.bg/1oJpnX2)
Westar, which has a market value of about $7 billion, is
working with Guggenheim Partners to field interest, according to
the report.
Westar, the Canada Pension Plan Investment Board and
Borealis declined to comment. Ameren was not immediately
available for comment.
Topeka-based Westar's shares rose 2 percent at $50.76 in
afternoon trading after a brief halt.
The initial bids for the utility are due next week and other
companies may also consider making an offer, Bloomberg reported.
Reuters, citing sources, reported last month that Westar
Energy was exploring strategic options, including a sale.