Wachtell Reps Mirant In $3.1B Merger With RRI Energy

Law360, New York (April 12, 2010, 1:27 PM EDT) -- In a bid to create one of the largest independent power producers in the U.S., Mirant Corp. and RRI Energy Inc. have reached an agreement to combine forces in an all-stock merger.

The deal will create a new company called GenOn Energy based in Houston, which will have a market capitalization of $3.1 billion and approximately 24,700 megawatts of electric-generating capacity, the companies said Sunday.

The combination will help with cost-cutting efforts, and create a company with key power generation assets from the Northeast to California....
To view the full article, register now.