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AES Corp. (AES), one of the world's leading independent power producers, to acquire Ohio utility...

  • Wednesday, April 20, 2011, 4:00 AM ET
    AES Corp. (AES), one of the world's leading independent power producers, to acquire Ohio utility DPL Inc. (DPL) for $3.5B in cash, or $30/share, an 8.7% premium. Bank of America (BAC) will provide bridge financing. (PR)
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    This acquisition follows the trend toward consolidation of the energy industry globally. Electric power generation and electric power transmission is quickly becoming a growth industry. One need look no further than to Berkshire Hathaway to see that even Mr Buffett has significant holdings in this arena.
    20 Apr 2011, 05:47 AM Reply Like
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