AES Corporation's stock price dropped 17% following a $15 billion acquisition offer.

Investing.com – AES Corporation (NYSE:AES) stock fell 17% on Monday after a consortium led by Global Infrastructure Partners and EQT agreed to acquire the company for $15.00 per share in cash.

The stock decline was due to the offer price being below Friday’s closing price of $17.28. The total equity value of the deal is $10.7 billion, with an enterprise value of approximately $33.4 billion, including existing debt.

The consortium includes co-underwriters California Public Employees’ Retirement System and Qatar Investment Authority, which will fund the acquisition with 100% equity. The offer represents a 40.3% premium over the volume-weighted average price in the 30 days before July 8, 2025 (the last full trading day before the initial media reports of a potential acquisition).

AES Chairman Jay Morse stated that the board views the transaction as “maximizing value for shareholders and providing compelling cash value.” He noted that AES will require significant capital after 2027 to support growth, and without this deal, future growth investments might need to be reduced or dividends and/or new share issuances could be canceled.

AES Indiana and AES Ohio will continue to operate as regulated utility companies at the local level. The transaction is not expected to impact customer rates for AES regulated utilities.

The deal has been unanimously approved by the AES board and is expected to close by the end of 2026 or early 2027, subject to shareholder approval, regulatory approvals, and other customary closing conditions. After completion, AES common stock will no longer be traded on the New York Stock Exchange, and the company will go private.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.