AES Corporation (NYSE: AES) stock plummeted approximately 17% in pre-market trading after the company agreed to be acquired in a all-cash deal led by Global Infrastructure Partners and EQT at $15 per share. The acquisition offer values AES at approximately $10.7 billion, below its recent closing price of $17.28. Company executives stated that future funding needs are the main reason behind the acquisition, and the deal is expected to be completed by the end of 2026 or early 2027, at which point the renewable energy utility will go private.
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AES Corporation (NYSE: AES) stock plummeted approximately 17% in pre-market trading after the company agreed to be acquired in a all-cash deal led by Global Infrastructure Partners and EQT at $15 per share. The acquisition offer values AES at approximately $10.7 billion, below its recent closing price of $17.28. Company executives stated that future funding needs are the main reason behind the acquisition, and the deal is expected to be completed by the end of 2026 or early 2027, at which point the renewable energy utility will go private.