logo
Share SHARE
FONT-SIZE Plus   Neg

NRG Energy And GenOn Energy Complete Their Merger - Quick Facts

NRG Energy Inc. (NRG) announced that the company and GenOn Energy Inc. (GEN) have completed their merger effective today. NRG said it now has a diverse fleet of almost 100 generation assets with a total capacity of approximately 47,000 megawatts or MW concentrated in three domesticregions: East, Gulf Coast and West.

In connection with the consummation of the merger, GenOn Energy stockholders will receive a fixed ratio of 0.1216 shares of NRG common stock for each share of GenOn common stock, except that cash will be paid in lieu of fractional shares.

NRG Energy stated that GenOn common stock will cease being traded prior to the market opening Monday, December 17, and will no longer be listed on the New York Stock Exchange.

With the merger completed, NRG is now dual headquartered, with financial and commercial headquarters in Princeton and operational headquarters in Houston.

In July, Electric utility NRG Energy agreed to acquire GenOn Energy in an all-stock deal valued at about $1.7 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ford Motor Co. has announced a safety recall for about 680,000 vehicles, mainly in North America, to fix faulty seat belts that may not hold people in the event of a crash. The recall, primarily for mid-size sedans, includes about 650,000 Ford Fusion vehicles manufactured between 2013 and 2016 and Lincoln MKZ produced between 2013 and 2015. Apple Inc. has confirmed its interest in autonomous vehicle technology, saying it is excited about the potential of automated systems in many areas, including transportation. In a letter to the National Highway Traffic Safety Administration, Steve Kenner, Apple's director of product integrity, said that the tech giant looks forward to collaborating with the regulator and other stakeholders. Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion.
comments powered by Disqus
Follow RTT