Vistra Energy Corp. plans to acquire Ambit Energy, the company announced in a news release on Tuesday.
Vistra (NYSE: VST) has agreed to pay $475 million plus net working capital in an all-cash transaction for the Dallas-based retail electric company expected to close by the end of the year.
Vistra, which is headquartered in Irving, noted that the overlap in administrative functions between the two companies will help the teams to integrate operations speedily upon the close of the transaction.…



