Dynegy Inc. (DYN) reported a fourth quarter net loss from continuing operations of $1.13 per share Thursday morning. The consensus estimate was for a loss of $0.45.
The company also announced that its subsidiary, Illinois Power Holdings, will acquire Ameren's (AEE) subsidiary, Ameren Energy Resources and its subsidiaries Ameren Energy Generating Company, AmerenEnergy Resources Generating Company, and Ameren Energy Marketing Company.
Dynegy gapped open higher Thursday, but traded in a range for the bulk of the session. The stock closed up by 1.83 at $22.01, with volume at a 5-month high. Dynegy broke out of over a 2-month range and closed at its highest level since it began trading on October 3rd.
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