Why Dynegy Inc. Stock Just Jumped 17%
Shares of independent power producer Dynegy Inc. (NYSE: DYN) jumped more than 17% in late Wednesday trading after reports surfaced that the company is in "advanced talks" to merge with peer power producer Vistra Energy Corp. (NYSE: VST).
Bright lights, big merger prospects at Dynegy. Image source: Getty Images.
As The Wall Street Journal reported yesterday evening, the two Texas-based power companies have been discussing a potential merger since "at least the spring." (Indeed, we've been hearing such rumors ourselves). Any such merger, if one happens, would almost certainly put Vistra in the driver's seat.
Source: Fool.com
