AES Corp (AES) Reports In-Line Q1 EPS

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AES Corp (AES) Announces 60M Common Secondary Offering

May 12, 2015 4:51 PM EDT

AES Corp (NYSE: AES) announced the launch of a registered secondary public offering of approximately 60 million shares of AES common stock (the Offering), all of which will be offered by Terrific Investment Corporation (the Selling Stockholder), a subsidiary controlled by China Investment Corporation (CIC). AES will not receive any of the proceeds from the Offering.

Morgan Stanley is acting as the underwriter for the offering. As part of the Offering, at the Selling Stockholders instruction, the underwriter has reserved 20 million shares to be sold to AES at a... More