AES AES Corporation : Bullish and Bearish Analyst Opinions

BlackRock/GIP agreeing to buy AES for $15/share ($10.7B cash). Stock fell ~18% to match the deal price (below Friday's close). The stock has adjusted to the acquisition price. The arbitrage gap is likely closed or minimal. The drop occurred because the market had speculated a higher price before the official announcement. NEUTRAL. The trade is effectively over unless you are playing a competing bid (unlikely given BlackRock's size). Deal falls through (regulatory), sending stock lower.