HomeApril 21, 2011
AES to Acquire DPL Inc.
Copyright 2011 EnergyChoiceMatters.com.
The AES Corporation has executed a definitive agreement to acquire DPL Inc. in a transaction with an enterprise value of $4.7 billion, including a total equity value of $3.5 billion.
DPL Inc. is the parent of competitive retail suppliers DPL Energy Resources and MC Squared Energy Services.
Under the terms of the agreement, AES agreed to pay $30 per share in cash to DPL shareholders, representing an 8.7% premium over DPL's closing share price on April 19, 2011. AES will pay a total of $3.5 billion in cash for the equity and assume $1.2 billion in net debt for a total transaction value of $4.7 billion.
As previously reported, DPL Energy Resources is serving 97% of migrated commercial load at affiliate Dayton Power & Light, and 96% of migrated industrial load (11/1).
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