Key Developments: AES Corp (AES)
12.99USD
17 May 2013
$0.13 (+1.01%)
$12.86
$12.88
$13.00
$12.86
4,932,559
6,087,719
$14.00
$9.52
Latest Key Developments (Source: Significant Developments)
AES Corp Announces Public Offering Of Additional $250 Million Of Senior Notes
AES Corp announced that it intends, subject to market and other conditions, to offer an additional $250 million aggregate principal amount of its 4.875% senior notes due 2023 (the Notes). The Notes will form a single series with the $500 million aggregate principal amount of 4.875% senior notes due 2023 issued by AES on April 30, 2013 (the Existing Notes). AES intends to use the net proceeds from the offering of the Notes and the Existing Notes, as well as, if necessary, other available funds, to fund its previously announced tender offers to purchase for cash certain series of AES`s outstanding senior notes and to pay certain related fees and expenses. If any net proceeds from the offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes. Full Article
AES Corp Reaffirms FY 2013 EPS Guidance
AES Corp reaffirmed fiscal 2013 guidance and expects adjusted earnings per share (EPS) in the range of $1.24-$1.32. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.28 for fiscal 2013. Full Article
AES Corp Announces Pricing of $500 Million of Senior Notes in Public Offering
AES Corp announced that it has priced $500 million aggregate principal amount of 4.875% senior notes due 2023 (the Notes). AES intends to use the net proceeds from the offering of the Notes, as well as, if necessary, other available funds, to fund concurrent tender offers to purchase for cash certain series of AES`s outstanding senior notes and to pay certain related fees and expenses. If any net proceeds from the offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes. The closing of the offering of the Notes is expected to occur, subject to certain customary conditions, on April 30, 2013. Full Article
AES Corp Reaffirms FY 2013 EPS Guidance
AES Corp reaffirmed fiscal 2013 guidance and expects adjusted earnings per share (EPS) in the range of $1.24-$1.32. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.28 for fiscal 2013. Full Article
AES Corp Announces Public Offering of $500 Million of Senior Notes
AES Corp announced that it intends, subject to market and other conditions, to offer $500 million aggregate principal amount of senior notes due 2023 (the Notes). AES intends to use the net proceeds from the offering of the Notes, as well as, if necessary, other available funds, to fund concurrent tender offers to purchase for cash certain series of AES`s outstanding senior notes and to pay certain related fees and expenses. If any net proceeds from the offering remain after completion of the tender offers, AES intends to use such proceeds to retire certain outstanding indebtedness and for general corporate purposes. Full Article
AES Corp Declares Quarterly Common Stock Dividend
AES Corp announced that the board of directors have declared a quarterly common stock dividend of $0.04 per share payable May 15, 2013 to shareholders of record at the close of business on May 1, 2013. Full Article
AES Corp Announces Chairman Change
AES Corp announced that Chairman Philip Odeen has retired from the Board of Directors after 10 years of service. Charles Rossotti has been elected to replace Mr. Odeen as Non-Executive Chairman of the Board. Full Article
The Law Firm of Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of AES Corporation
Levi & Korsinsky, LLP announced that it is investigating The AES Corporation, and its Board of Directors, in connection with possible claims of breaches of fiduciary duty. Full Article
AES Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
AES Corp announced that for fiscal 2013, it expects adjusted earnings per share (EPS) in the range of $1.24-$1.32. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.27 for fiscal 2013. Full Article
AES Corp Agrees to Sell Ukraine Assets
AES Corp announced that it has agreed to sell its two power distribution businesses in Ukraine to VS Energy International. Under the agreement, AES will sell its 89.12% equity interest in AES Kyivoblenergo and its 84.56% equity interest in AES Rivneoblenergo. The transaction is expected to close by mid-2013. Full Article
AES to shut or convert coal power plants in Indiana and Ohio
May 13 - U.S. power company AES Corp said its units expect to retire or repower several coal-fired units in Indiana and Ohio, and possibly build a natural gas plant over the next several years.
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