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Dayton Power & Light sold to global utility giant AES


DPL Inc. will merge with AES Corp., a global power company whose generation and distribution businesses span five continents, in a $4.7-billion deal that will make DPL and its subsidiaries part of AES, reports the Dayton Daily News.
 
AES, based in Arlington, Va., will pay $30 per share for all of DPL's nearly 116 million outstanding shares, for a total of approximately $3.5 billion. Including debt that AES has agreed to assume, the deal's total value is $4.7 billion, DPL says.

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