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Vistra Energy to buy Dynegy in all-stock deal
October 30, 2017 / 11:10 AM / a month ago

Vistra Energy to buy Dynegy in all-stock deal

Oct 30 (Reuters) - Vistra Energy will buy Dynegy Inc in an all-stock deal, the U.S. utilities said on Monday, creating a company with a market value of more than $10 billion.

Dynegy shareholders will receive 0.652 shares of Vistra Energy for each share of Dynegy they own.

The deal price translates to $13.24 per Dynegy share, representing a premium of 18 percent to the stock’s Friday close. (Reporting by Taenaz Shakir in Bengaluru; Editing by Sai Sachin Ravikumar)

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