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- E•BOOM CAPITAL: Utility Powerhouse Formed by AES $4.2 Billion Buyout of DPL
April 20, 2011 - 11:23AM
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.