Vistra to buy Cogentrix Energy in $4 billion deal

Core Viewpoint - Utility company Vistra has announced an agreement to acquire Cogentrix Energy along with its 10 natural gas-fired power plants in a deal valued at approximately $4 billion [1] Company Summary - Vistra is expanding its portfolio by acquiring Cogentrix Energy, which includes 10 natural gas-fired power plants [1] - The acquisition is part of Vistra's strategy to enhance its energy generation capabilities and diversify its energy sources [1] Industry Summary - The deal reflects ongoing consolidation in the energy sector, particularly in natural gas power generation [1] - The acquisition may indicate a trend towards increasing investments in natural gas infrastructure as part of the broader energy transition [1]