AES Corp offers low-risk arbitrage with 2.2% spread and 4.8% yield ahead of $15 takeover by BlackRock.

AES Corporation is set for a $15 per share take-private deal led by BlackRock, making it a low-risk arbitrage opportunity. Currently trading at $14.67, investors can earn a 2.2% spread plus a 4.8% dividend yield until the deal closes. The upside is capped at $15, with risks mainly tied to shareholder or regulatory approval failures, which could push the price back to pre-deal levels. This makes AES attractive for income and arbitrage investors rather than those seeking growth or exposure to AI-related themes.