StockWatch
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Electric Utilities: Central
MergerJun 26, 2026, 04:17 PM

AES Stockholders Approve $10.7B Acquisition by Consortium

AI Summary

AES Corporation stockholders approved the company's acquisition by a consortium led by Global Infrastructure Partners and EQT Infrastructure VI fund at a special meeting on June 26, 2026. The merger agreement entails a cash payment of $15.00 per share, valuing the equity at approximately $10.7 billion and the enterprise at $33.4 billion. Stockholders also approved, on a non-binding advisory basis, the compensation for named executive officers related to the merger. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on June 22, 2026, and the transaction is anticipated to close in late 2026 or early 2027, subject to remaining regulatory approvals.

Key Highlights

  • AES stockholders approved the merger agreement and related transactions.
  • Acquisition by Global Infrastructure Partners and EQT-led consortium.
  • Cash consideration of $15.00 per share for outstanding common shares.
  • Total equity value of approximately $10.7 billion.
  • Enterprise value of approximately $33.4 billion, including existing debt.
  • Stockholders approved, on an advisory basis, merger-related executive compensation.
  • HSR Act waiting period expired on June 22, 2026.
  • Transaction expected to close in late 2026 or early 2027.