Skadden Reps Power Co. AES In $3.5B DPL Buy

Law360, New York (April 20, 2011, 2:48 PM EDT) -- Global power generator and distributor AES Corp. announced Wednesday that it would pay $3.5 billion in cash to acquire Ohio-based regional energy company DPL Inc. as part of its plan to expand in the regulated U.S. utility market.

In addition to the cash payment of $30 per share, AES said it will also take on $1.2 billion in net debt to make DPL — parent company of Dayton Power & Light Co. — its wholly owned subsidiary.

Arlington, Va.-based AES works in power generation, utilities and...
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