Dpl, Aes Closer to $3.; Dpl Shareholders Could Approve Merger Friday, Companies Say.

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DAYTON -- Shareholders of DPL Inc. find out Friday whether they collectively approve the company's $3.5 billion merger with energy giant AES Corp., a move that would end Dayton Power & Light Co.'s century of existence as an independent company.

If approved, the merger would give DPL and its DP&L electric power subsidiary the financial arsenal it needs to compete with other energy companies and meet increasingly more stringent clean- air laws, DPL officials have said.

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Dpl, Aes Closer to $3.; Dpl Shareholders Could Approve Merger Friday, Companies Say.

But a merger also will move ultimate control of the 500,000- customer company out of state, eliminate a stock dividend that investors have enjoyed for years and expose investors to a capital gains tax from the sa...

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