Vistra Energy best option for Dynegy shareholders
We are reaffirming our $11.75 per share fair value estimate after Dynegy reported full-year adjusted EBITDA of $1.16 billion compared with $1.007 billion in 2016. Our fair value estimate is based on a 100% probability that its pending merger with Vistra Energy, in which Dynegy shareholders will receive 0.652 shares of Vistra Energy for every share of Dynegy, will close in the second quarter of 2018.We continue to view the Vistra Energy transaction as being in the best interests of shareholders....
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