Why Is AES Stock Falling Today?
Synopsis
As part of the deal, AES shareholders will receive $15 per share in cash, representing a total equity value of $10.7 billion and an enterprise value of approximately $33.4 billion.
Shares of AES Corp. (AES) fell more than 18% in Monday’s pre-market trade after the company entered into a definitive agreement to be acquired by a consortium led by BlackRock Inc.’s (BLK) Global Infrastructure Partners and EQT.
As part of the deal, AES shareholders will receive $15 per share in cash, representing a total equity value of $10.7 billion and an enterprise value of approximately $33.4 billion, the company said.
Retail sentiment on Stocktwits around AES trended in the ‘extremely bullish’ territory, with message volumes at ‘extremely high’ levels.
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