Vistra Energy completes $1.7 billion acquisition of Dynegy
The closing of the merger deal was done after approval from stockholders of both the companies in March followed by receipt of all necessary regulatory approvals.
It was in last October that the merger was proposed by Vistra Energy, the parent company of Texas-based retail electricity provider TXU Energy and electric utility Luminant.
Vistra Energy will be the name of the new combined company, which will be based in Irving, Texas.
While Vistra Energy will have a stake of around 79% in the combined company, Dynegy shareholders will hold the remaining stake of 21%. ■