WSJ : Vistra Energy And Dynegy In Advanced Talks To Merge

(RTTNews) - Vistra Energy Corp. and Dynegy Inc., (DYN) are in advanced talks to merge the companies, the Wall Street Journal reported citing people familiar with the matter.

The Texas power companies, which have been in on-and-off talks since at least the spring, could announce a deal as soon as next week, the report said. As usual, such talks could fall apart before a deal is reached.

Dynegy's market value was $1.2 billion at the start of trading Wednesday. But including debt, the companies combined are worth more than $20 billion as both have enterprise values exceeding $10 billion. Vistra had a market value of $8.4 billion.

DYN closed Wednesday's regular trading at $10.78, up $1.57 or 17.05%. In the after-hours trade, the stock further gained $0.19 or 1.76%.