$1.7B NRG, GenOn Merger OK'd By Shareholders

Law360, New York (November 9, 2012, 4:36 PM EST) -- Shareholders in GenOn Energy Inc. and NRG Energy Inc. on Friday signed off on a $1.7 billion merger plan that will spawn the largest power producer in the U.S., two weeks after the companies settled suits contesting the tie-up's terms.

Under their agreement, investors in Houston-based GenOn will receive about 0.12 NRG shares for each of their units, a roughly 21 percent premium based on the companies’ stock prices before the power producers’ deal was announced in July.

Both GenOn, an energy wholesaler, and Princeton, N.J.-based NRG...
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