AES parent to be bought for $10.7B by private equity

DAYTON, Ohio (WDTN) – After months of speculation, the parent company of the primary electric company for the Miami Valley has announced it’s getting bought.

AES, parent of AES Ohio, announced Monday that a consortium of four companies will pay $15 a share to acquire it. The total will cost $10.7 billion.

AES Indiana, AES Ohio’s sibling to the west, is also part of the purchase…

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