Disney’s Interactive Unit is Struggling and 4 Stocks At 52-Week Highs

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.

You Just Got Lucky! Our Stock Picks Newsletter is Half OFF through St. Pat’s Day! Click here to Take Advantage Now!


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business