M&A

Allentown, Pennsylvania-based power utility PPL Corporation (NYSE: PPL) said Tuesday it has completed the permanent financing related to its $6.6 billion acquisition of the former Central Networks electricity distribution companies in the United Kingdom. The acquired companies are operated by PPL's Western Power Distribution under the names WPD East Midlands and WPD West Midlands.

Shares of The AES Corporation (NYSE: AES) were up 5% in early trading today after the company said it had agreed to acquire DPL Inc. (NYSE: DPL), the parent company of Dayton Power & Light, for $3.5 billion. AES will also assume DPL’s debt of $1.2 billion. Upon closing of the transaction, DPL will become a wholly owned subsidiary of AES with headquarters in Dayton, Ohio.

Shares of Aleo Solar AG (XETRA: AS1.DE) are up more than 23% since Tuesday when Robert Bosch GnbH announced it had increased its holding of Aleo from 70% to 82% and was offering to purchase the remainder of the company’s shares for 22 Euros ($30.25) each.  Robert Bosch, based in Stuttgart, Germany, claims to be the world’s largest automotive supplier. Aleo, based in Oldenburg, Germany, produces solar modules and photovoltaic systems in plants in Germany, Spain and China.