Dynegy, Vistra Energy to merge in all-stock deal

Dynegy, Vistra Energy to merge in all-stock deal”

Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock.

The long-anticipated deal combines Vistra's integrated Texas portfolio, including TXU Energy and Luminant, with Dynegy's power-generating base of power plants throughout Texas, the Midwest and the Northeast. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation. Credit Suisse Group began coverage on shares of Vistra Energy a research report on Wednesday, September 20th. Citigroup Inc. started coverage on shares of Vistra Energy a research report on Thursday, September 28th. Vistra Energy Corp. earned a news impact score of 0.06 on Accern's scale.

News articles about Vistra Energy Corp. The stock presently has an average rating of Hold and a consensus price target of $19.59. (:VST). At the time of writing, the First Call consensus price target for the company is $20.85. Apollo Management Holdings L.P. acquired a new position in shares of Vistra Energy the 2nd quarter valued at $887,790,000.

Under the terms of the agreement, Dynegy shareholders will receive 0.652 shares of Vistra Energy common stock for each share of Dynegy common stock they own, resulting in Vistra Energy and Dynegy shareholders owning approximately 79 percent and 21 percent, respectively, of the combined company. World Asset Management Inc acquired a new position in Vistra Energy Corp. during the second quarter worth approximately $168,000.

More news: Paris Games Week 2017 - Check out Spider-Man's latest trailer on PS4

Shares of Vistra Energy Corp. The stock decreased 0.93% or $0.19 on October 27, reaching $20.3.

Bank of America Corporation began coverage on shares of Vistra Energy Corp. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $16.87. The company has market cap of $8.68 billion.

Wall Street await Vistra Energy Corp (NYSE:VST) to release earnings on November, 3. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Equities research analysts anticipate that Vistra Energy Corp. will post $0.60 EPS for the current fiscal year.

The combined company projects streamlining to achieve approximately $350 million in annual savings before interest, taxes, depreciation and amortization (EBITDA) within a year, which Holden likened to "dry powder" for future acquisitions. The combined company's premier wholesale generation portfolio will serve as a platform for accelerated growth of this retail business.

Like this



12 May 2020
Canada’s entertainment industry is losing millions due to the coronavirus pandemic
It was supposed to be opened sometime in 2021, but there is expected to now be a significant delay in this timeline. Another significant effect of the crisis has been to stall existing construction projects.

25 July 2019
Improve your level of Ukrainian language with NovaMova
A lot of people want to speak and read Ukrainian language correctly, for example: students, pupils, foreigners and many others. This immersion learning method will be very comfortable for every person and you will be highly satisfied with the result.

30 October 2017
Far Cry 5 trailer showcases intense co-op action
I saw a lot of variety in the 20-minutes of Far Cry 5 I played, and was really impressed overall. You can take on the cult of Eden's Gate with up to two buddies, one of which is another player.

30 October 2017
New Call of Duty WWII Carentan Trailer Released; DLC 1 Info Revealed
We'll keep an eye out how this will transpire once Call of Duty: WWII releases this coming November 3. The map pack will then arrive on other platforms a month later.

30 October 2017
New research suggests Dagga users have more SEX!
The answers were obtained from 28,176 women with an average age of 29.9 and 22,943 men with an average age of 29.5. In other words, pot users are having about 20 per cent more sex than pot abstainers, Prof Eisenberg noted.

30 October 2017
EA Hurting Star Wars Way More Than Disney!
Star Wars Battlefront II will be available worldwide on November 17, 2017 on PlayStation 4, Xbox One, and on Origin for PC. Star Wars Battlefront 2Heroes are born on the battlefront, and in Battlefront 2, you're able to experience it for yourself.

30 October 2017
Federal Court Blocks Trump's Transgender Military Ban
As the news spread on Twitter, transgender people and advocates shared their relief that at least the ban had been blocked. The Department of Defense is tasked with implementing the ban by February 2018.

30 October 2017
#BlackMonday the biggest protest ever against farm murders: Afriforum
Over the past five days, 11 farm attacks have taken place in South Africa, which led to the death of four people. AfriForum claims that 70 white farmers have been murdered in 341 attacks on farms so far this year.

30 October 2017
System glitch for some Mega Millions tickets sold on Friday
Last week, the price of Mega Millions tickets went up to $2 a ticket and starting jackpots also increased to $40 million. By comparison, Powerball holds the world's record for a lottery jackpot with its $1.586 billion jackpot in January 2016.

30 October 2017
Minister calls for new team to handle Westminster sex claims
But Sophie Walker, leader of the Women's Equality Party, told Sky News that simply getting more people to come forward will not fix the problem.