June 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Westar Energy Inc (NYSE:WR), was announced concerning whether the takeover of Westar Energy Inc by Great Plains Energy Incorporated is unfair to NYSE:WR stockholders.

The investigation by a law firm concerns whether certain officers and directors of Westar Energy Inc breached their fiduciary duties owed to NYSE:WR investors in connection with the proposed acquisition.

On May 31, 2016, Great Plains Energy Incorporated, the parent company of KCP&L, andWestar Energy, Inc announced an agreement forGreat Plains Energy to acquire Westar in a combined cash and stock transaction with an enterprise value of approximately $12.2 billion, including total equity value of approximately $8.6 billion. Under the terms of the agreement Westar shareholders will receive $60.00 per share of total consideration for each share of Westar common stock, consisting of $51.00 in cash and $9.00 in Great Plains Energy common stock.

However, the investigation concerns whether the offer is unfair to Westar Energy stockholders. More specifically, the investigation concerns whether the NYSE:WR Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.