Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NRG Energy And GenOn Energy Complete Their Merger - Quick Facts

RELATED NEWS
Trade NRG now with 

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.

Click here to receive FREE breaking news email alerts for NRG Energy Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.