Vistra Energy and Dynegy will combine in all-stock deal
Vistra Energy and Dynegy will join in an all-stock deal to create a power company with 2.7 million residential and 240,000 industrial customers.
Dynegy, of Houston, has 1.2 million customers and employs 2,400 people. Vistra has about 4,500 employees and operates Luminant and TXU Energy, which sells electricity to about 1.7 million customers in Texas.
The company will have a market capitalization of more than $10 billion.