CFIUS Clears AES $15/Share Buyout, Final Hurdle Removed
AES sits 19% above its 52-week low of $12.33.
Summary
CFIUS approved the AES merger on Aug 27, clearing the last major regulatory hurdle for the $15 per share cash acquisition by a consortium led by Global Infrastructure Partners. Stockholder approval and HSR clearance were already secured in June. The deal now moves toward closing, with no remaining U.S. regulatory conditions disclosed. This removes the final uncertainty around the transaction and should firm up the arbitrage spread.
At the time of this announcement, AES was trading at $14.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $12.33 to $17.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.