Why AES Stock Is Soaring Today

Key Points Media reports say BlackRock wants to buy utility company AES. The reported buyout valuation is $38 billion including debt -- and could be even more. 10 stocks we like better than The AES Corporation › The AES Corporation (NYSE: AES) stock surged Wednesday morning on reports a unit of private equity powerhouse BlackRock (NYSE: BLK) intends to acquire the electricity utility -- and pay $38 billion for the privilege. AES stock rose 13.7% through 9:50 a.m. ET on the news, and BlackRock stock ...