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Vistra Energy in takeover talks with Dynegy: WSJ
May 19, 2017 / 1:53 AM / 6 months ago

Vistra Energy in takeover talks with Dynegy: WSJ

(Reuters) - Power producer Vistra Energy Corp has proposed to take over debt-laden rival Dynegy Inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Texas-based companies are in initial talks and a deal is still far from guaranteed, the Journal reported. on.wsj.com/2pR20AD

Dynegy emerged from Chapter 11 bankruptcy, in October 2012 after it had filed for protection from creditors a year earlier, burdened by costly power plant leases. reut.rs/2pR7hrE

Vistra Energy declined to comment on the bid while Dynegy was not immediately available for comment outside regular U.S. business hours.

Reporting by Bhanu Pratap in Bengaluru; Editing by Gopakumar Warrier

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