1140 ET - AES's sale to a consortium of investors underwhelmed expectations, say Morgan Stanley analysts. The deal for $15 a share, presents a 13% discount to last Friday's closing price, the analysts say. The sale will allow the company to fund renewables and utilities growth without a need for external equity or dividend changes. Closing is still subject to multiple regulatory approvals, but those reviews are unlikely to be overly burdensome, the analysts say, adding that the Ohio regulator has approved several gas utility acquisitions in the last five to six years "without onerous conditions." (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
March 03, 2026 11:40 ET (16:40 GMT)
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