NRG Energy Inc. (NRG: Quote) announced that the company and GenOn Energy Inc. (GEN: Quote) 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.
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by RTT Staff Writer
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