The AES Corporation (NYSE:AES) is included among the 14 Low PE High Dividend Stocks to Buy Right Now.
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A Bloomberg report on March 2 said BlackRock’s Global Infrastructure Partners and EQT AB have agreed to acquire The AES Corporation (NYSE:AES) in a cash deal valued at about $10.7 billion. The transaction comes as demand rises for power producers that can supply electricity to large, energy-intensive AI data centers.
Under the terms of the agreement, the buyers will pay $15 per share for AES. The deal gives the company an enterprise value of about $33.4 billion. The offer is below the company’s previous closing price of $17.28, a level that had climbed on takeover speculation. Even so, the bid represents roughly a 40% premium to the stock’s 30-day volume-weighted average price before reports surfaced that AES was exploring a sale. The companies expect the transaction to close in early 2027.
The deal highlights how power developers are becoming more valuable as technology companies build larger AI data centers that require substantial electricity. AES already supplies renewable power to several major tech companies. Its existing agreements include Google, Microsoft, and Amazon.
People familiar with the situation said AES had been considering other steps before agreeing to the deal. One option involved eliminating the dividend and issuing significant equity to support a growing pipeline of power projects. Going private is expected to give the company greater financial flexibility and better access to capital as it continues expanding.
The process took several months. Global Infrastructure Partners and EQT initially competed for the acquisition before deciding to team up to complete the deal. JPMorgan Chase and Wells Fargo advised AES on the transaction. Goldman Sachs served as adviser to Global Infrastructure Partners, while Citigroup advised EQT.
The AES Corporation (NYSE:AES) is an energy company that operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. The Renewables segment includes solar, wind, energy storage, and hydro generation facilities. The Utilities segment includes AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities.
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