Disney’s Interactive Unit is Struggling and 4 Stocks At 52-Week Highs
Dynegy (NYSE:DYN): Closing price $22.01
Dynegy’s subsidiary Illinois Power Holdings will purchase Ameren Corporation’s (NYSE:AEE) subsidiary, Ameren Energy Resources and its subsidiaries Ameren Energy Generating Company, AmerenEnergy Resources Generating Company, and Ameren Energy Marketing Company. After the transaction closes, Dynegy will own more than 8,000 megawatts of generating capacity in Illinois, and almost 14,000 MW nationally. Prior to the close, Ameren or its designated subsidiary will buy Genco’s Elgin, Grand Tower and Gibson City natural gas-fired generation plants for a guaranteed minimum price of $133 million. Dynegy and Ameren expect to close the transaction during the fourth quarter. Shares closed up 9.07 percent on Thursday at $22.01, and have been traded in a 52-week range of $17.00 to $21.05.