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A U.S. flag flies in front of the natural gas fired 1200-megawatt Kendall Energy power plant, owned by Dynegy Inc., in Minooka, Ill., in this file photo. (Daniel Acker/Bloomberg)
A U.S. flag flies in front of the natural gas fired 1200-megawatt Kendall Energy power plant, owned by Dynegy Inc., in Minooka, Ill., in this file photo. (Daniel Acker/Bloomberg)

Vistra Energy in takeover talks with Dynegy: report Add to ...

Power producer Vistra Energy Corp has proposed to take over debt-laden rival Dynegy Inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Texas-based companies are in initial talks and a deal is still far from guaranteed, the Journal reported.

Dynegy emerged from Chapter 11 bankruptcy, in October 2012 after it had filed for protection from creditors a year earlier, burdened by costly power plant leases.

Vistra Energy declined to comment on the bid while Dynegy was not immediately available for comment outside regular U.S. business hours.

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