U.S. power company Dynegy Inc said on Friday that it would purchase coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals totaling $6.25 billion.Dynegy shares rose 4.6 percent in premarket trading on the New York Stock Exchange.The acquisitions will nearly double Dynegy's generating capacity to about 26,000 megawatts (MW) nationally and allow the company to provide retail electricity to residents and businesses in Illinois, Ohio, Pennsylvania and Michigan.Dynegy, which had a market capital of $2.98 billion as of Thursday's close, said it intends to issue about $5 billion in new unsecured bonds and $1.25 billion in equity and equity-linked securities to fund the deals.
Duke Energy Corporation (Duke Energy) is an energy company. Shares of DUK traded higher by 0.38% or $0.28/share to $73.04. In the past year, the shares have traded as low as $64.16 and as high as $75.13. On average, 2711640 shares of DUK exchange hands on a given day and today's volume is recorded at 2028015.
Shares of DYN traded higher by 0.27% or $0.08/share to $29.72. In the past year, the shares have traded as low as $18.11 and as high as $36.57. On average, 956195 shares of DYN exchange hands on a given day and today's volume is recorded at 696180.
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