Vistra to Buy Cogentrix Energy in $4.7 Billion Deal Amid Surging Power Demand

Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of the company rose nearly 5% in extended trading. The deal includes about $2.3 billion in cash, $900 million in … Read more