May 19, 2017 / 1:53 AM / in 8 months

Vistra Energy in takeover talks with Dynegy: WSJ

(Reuters) - Power producer Vistra Energy Corp has proposed to take over debt-laden rival Dynegy Inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Texas-based companies are in initial talks and a deal is still far from guaranteed, the Journal reported.

Dynegy emerged from Chapter 11 bankruptcy, in October 2012 after it had filed for protection from creditors a year earlier, burdened by costly power plant leases.

Vistra Energy declined to comment on the bid while Dynegy was not immediately available for comment outside regular U.S. business hours.

Reporting by Bhanu Pratap in Bengaluru; Editing by Gopakumar Warrier

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