M&A / regulation
AES received CFIUS approval. The Horizon Parent take-private is not closed.
The AES Corporation (NYSE: AES) said in an August 27 Form 8-K that it received CFIUS Approval, as that term is defined in its March 1 merger agreement with Horizon Parent, L.P. AES called the approval a condition to closing. The merger still needs additional regulatory approvals the company did not name, plus other customary conditions. If it closes, AES said it would be jointly owned by vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, as well as other investors.