DPL Hires Adviser, Considers Sale of Company
DPL
(DPL)
hired
Morgan Stanley
to explore a range of strategic options, including the possible sale of all or part of the company.
The Dayton, Ohio, energy company was fairly tight-lipped, but said "given this unique time in the development of the emerging deregulated merchant energy markets, we believe we should examine all possibilities."
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Shares of DPL, the parent company of
DPL Energy
and
Dayton Power & Light
, ended the regular
New York Stock Exchange
trading session at $33.19, down 13 cents, or 0.4%. The company has a market capitalization of about $4.2 billion.
