AES stock maintains long-term bullish momentum, outperforming the XLU ETF and Sempra as it prepares for a $10.7 billion acquisition by Global Infrastructure Partners at $15 per share.
AES is being acquired by Global Infrastructure Partners at $15 per share, with stock outperforming sector and trading above key moving averages.
XLU has declined 9.2% over three months and 4.3% over the past year, underperforming AES.
Sempra has declined 2.4% over the past year, underperforming AES.
The AES Corporation continues to show bullish momentum, trading above its 50-day and 200-day moving averages while outperforming the broader utilities sector. The company is currently moving toward a $10.7 billion acquisition by Global Infrastructure Partners, which has agreed to purchase all outstanding shares for $15 in cash.
Global Infrastructure Partners, a part of BlackRock, is acquiring all outstanding common shares of AES for $15 per share in cash, valuing the equity at approximately $10.7 billion.