AES is seeking to acquire regional energy company, DPL. The industrial automation solutions, systems integration and process systems provider will pay a total of about $4.7 billion for the acquisition.
As a part of the deal, AES would pay $30 per share in cash to DPL shareholders and $3.5 billion in cash for the equity. Bank of America Merrill Lynch was the financial advisor to AES on the transaction.
Click here for the release from AES.