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
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery... Auvi-Q, the rival for EpiPen, will be coming back in 2017, pharmaceutical company Kaleo announced on Wednesday. Auvi-Q is a epinephrine injection used to treat life-threatening allergic reactions, including anaphylaxis, in people who are at risk for or have a history of serious allergic reactions. Auvi-Q... Uber's self-driving technology start-up Otto has partnered with Anheuser-Busch InBev to complete the world's first shipment by a self-driving truck. Otto said in a blog post that the company and Anheuser-Busch delivered 51,744 cans of Budweiser beer from Fort Collins, through downtown Denver, to Colorado Springs.
comments powered by Disqus
Follow RTT