Other companies could compete for DPL

Business
April 20, 2011
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DPL Inc. will not seek competing offers from other companies interested in buying the utility, but other businesses could choose to make competing bids.

That information came during a question and answer exchange between the Dayton Daily News and Paul M. Barbas, president and chief executive officer of DPL Inc., concerning his company’s planned merger later this year with AES Corp. of Arlington, Va.

The AES deal will pay DPL shareholders $30 per share.

DPL’s closing stock price Tuesday on the New York Stock Exchange was $27.59, so the $30 price would represent a premium of nearly 9 percent.

For the complete Q and A with Barbas, buy Thursday’s edition of the Dayton Daily News.

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