NRG's $1.7B GenOn Buy Creates Largest US Power Producer

Law360, New York (July 23, 2012, 2:48 PM EDT) -- New Jersey-based NRG Energy Inc. will acquire competitor GenOn Energy Inc. in a $1.7 billion stock-for-stock merger to create the largest independent power producer in the U.S., the companies announced Sunday.

NRG Energy, a power company that operates a large alternative energy platform, said the companies would merge under the NRG Energy label. Shareholders of Houston-based GenOn Energy will receive about 0.12 shares of NRG Energy for every share of GenOn Energy they own, a roughly 20.6 percent premium for stakeholders, based on the most recent...
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