Why Is AES Stock Tanking Monday?

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AES Corporation (NYSE: AES) stock fell on Monday after the company agreed to be taken private in a $10.7 billion cash deal by Global Infrastructure Partners and EQT Corporation (NYSE: EQT). The offer of $15 per share represents a 17% discount to Friday’s closing price, causing the shares to tumble. This acquisition is intended to strengthen AES’s position as a leading clean energy platform in the Americas and address its significant capital needs for future growth.

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